Right — but an insurance company would do that even if it didn’t reduce theft overall, but merely shifted theft away from their insured customers onto others. It could even be negative-sum thanks to the cost of locks. If we actually want to reduce theft overall, shifting it around doesn’t suffice.
Right — but an insurance company would do that even if it didn’t reduce theft overall, but merely shifted theft away from their insured customers onto others. It could even be negative-sum thanks to the cost of locks. If we actually want to reduce theft overall, shifting it around doesn’t suffice.