Abstract
This chapter explains the rationale for the use of economic analysis to inform policy decisions. Economic analysis can contribute, for example, to setting priorities and plans, identifying the best way of achieving strategic objectives, helping to develop cost-effective plans, informing users as to the policy that can be implemented at lowest cost, identifying which alternative has lowest impact on third parties, providing an analysis on returns on investment, and documenting the decision-making process.
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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). Economic Analysis and Public Policy. In: Economic Analysis and Efficiency in Policing, Criminal Justice and Crime Reduction: What Works?. Palgrave Macmillan, London. https://doi.org/10.1057/9781137588654_2
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DOI: https://doi.org/10.1057/9781137588654_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-137-58864-7
Online ISBN: 978-1-137-58865-4
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