Bullying Economic Perspective

In order to fully understand the economic costs and benefits of amending the SDFSCA it is important to view bullying from an economic perspective because it shows who gets to implement anti-bullying programs and why. While analyzing bullying from an economic perspective, it is important to note what good or service is scarce. Scarcity within bullying shows that there is too few anti-bullying programs to satisfy the need for them.

One economic principle that is relevant when looking at anti-bullying ing programs is that people respond to incentives in predictable ways. If school districts receive grants, which is money that they do not need to pay back, they are more likely to implement new programs. However, these grants are not common …show more content…
One of these forces that is preventing a perfectly competitive market is called imperfect competition. This occurs when businesses have control over their own prices, which makes for a wide range in prices. This occurs frequently with monopolistic competition such as anti-bullying programs, which is when multiple businesses offer similar goods or services that have slightly different features. For example, most programs have very similar aspects such as teaching teachers how to respond appropriately to bullying, and teaching kids how to solve their problems using alternative methods rather than resorting to bullying. However, some programs cost more because they claim that they are the best, or most effective based off of their own research. Another force that causes market failure is imperfect information. This is when consumers are not aware of the actual benefits of a good or service. In this case, there are many sources that have differing opinions on the effectiveness of anti-bullying programs. Lastly, externalities play a role in market failure. Externalities are costs or benefits to people that did not directly buy a good or service. One positive externality of anti-bullying programs is that it prevents others from becoming victims of bullying. However, goods or services that have positive externalities tend to be under consumed, which is the case for anti-bullying …show more content…
First of all, the government has that ability to implement policies and regulations, and offer grants. A potential solution to the imperfect competition of anti-bullying programs is that the government could implement a price ceiling on the programs. This would reduce the differences in costs between the programs and essentially make them more equal. Overall this would make for lower prices and allow for more schools districts to enter the market for anti-bullying programs. In addition a solution would be to provide more school districts with funding in the form of grants to allow districts to enter the market. Before they may have been willing but not able to pay, so grants could enable