Abstract
This chapter summarises the conceptual foundations of EA and the importance of EA to the decision-making process and the development of policy aimed at moderating crime more generally. In broad terms, it considers how EA can influence the strategic allocation of resources by a crime reduction agency over some time horizon (e.g., the planning of annual budgets), and how it can influence the selection of interventions from a set of alternatives given budget constraints (an activity that may be independent of, or a subordinate element of, longer-term planning).
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© 2016 Matthew Manning, Shane D. Johnson, Nick Tilley, Gabriel T.W. Wong and Margarita Vorsina
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Manning, M., Johnson, S.D., Tilley, N., Wong, G.T.W., Vorsina, M. (2016). Conceptual Foundation of Economic Analysis (EA). In: Economic Analysis and Efficiency in Policing, Criminal Justice and Crime Reduction: What Works?. Palgrave Macmillan, London. https://doi.org/10.1057/9781137588654_3
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DOI: https://doi.org/10.1057/9781137588654_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-137-58864-7
Online ISBN: 978-1-137-58865-4
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