State or private security supply? An analysis from the institutional economics perspective

The issue of domestic security has become increasingly complex over the past decades. As there is an increasing overlap between private and public provision security, question how to allocate responsibility for sphere (state) important. Concepts that can provide both clarity sufficient complexity are much needed. This article offers institutional economics concept. implies a method where basic elements neoclassical finance (e.g. differences like v. production or goods) combined with explicitly economic (degree prevention, specificity, repressivity, state monopoly on use force). result, normative distinction responsibilities based qualitative arguments offered.