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| Author: | Cameron, S. |
| Title: | Digital Media and the Economics of Crime |
| Journal: | Economic Affairs
2002 : SEP, VOL. 22:3, p. 15-20 |
| Index terms: | INFORMATION TECHNOLOGY ECONOMICS CRIME ANALYTICAL REVIEW |
| Language: | eng |
| Abstract: | The economics of crime was pioneered by Becker who focused on issues of optimal policy, in terms of prison sentences, fines and expenditures on policing, within a single country. He took it for granted that a high degree of rationality was a useful assumption in analyzing the choices of would-be criminals regardless of the veracity of the assumption. The author states that digital crime is an area where the application of the economics of crime is complex. In a nutshell, the essential economic problem of digi-crime is the impact of technological progress making transactions costs of enforcement potentially too high, partly because of the low costs of copyright infringement due to technological advance, for there to be substantial amounts of deterrence from punishment. |
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