What factors can alter the marginal costbenefit analysis to

What factors can alter the marginal cost–benefit analysis to deter crime?

Solution

The following factors can alter the Cost-Benefit analysis (CBA) to deter crime:

1. Individual Concern / Resonsibility : Since some people may choose to spend on a vacation rather then spending on a burglar alarm. So individual concern for safety and security is an important factor to alter the CBA to deter crime.

2. Government Decision on Investment Priority: Though the CBA provides a clear structure of CBA to stop crime, the government may prioritze the most urgent factor than the important factor. There is a vast difference between most important and most urgent. Hence this clarity is rather more important and can be a critical factor in deterring crime.

3. Lack of clear Benchmark: A clear benchmark should be set in order to have a clarity in policy formulation. Formulating a policy is more important as it should have the goal and the limitations of a specific set of policy. Hence if the policy makers go wrong then it will deter the policy itself, Hence this is a key factor that might alter the marginal CBA to deter crime.