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Case Study: The Connecticut Shooting

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From the recent case of the Connecticut shooting, this article explains how there is an increase of demand in the state of Dallas for high powered guns due to the Government speculated to impose a strict no gun law . The problem is the decrease in supply causing excess demand which then creates a shortage in the market. This problem can be visualised through the means of a negative externality graph. Before the incident, the price point of guns lie at point Qe. The Graph shows the private benefit is still much higher in price and quantity than the social benefit. This is due to the fact that guns have more benefits on personal use such as personal safety as said from the article rather than benefiting to society which means the good is …show more content…

The outward shift occurs due to fear for personal safety and inability to buy the guns for self protection, consumers will purchase guns while they can before the rumoured legislation is imposed. This is a shortage as the shift creates a disequilibrium seen from the extension from the normal equilibrium price to point B. The distance between the MPB and MSB marks the deadweight loss (DWL) which in this case are spillover costs of guns. This is the possibility of crime, misusing the guns, accidents, and even murder. This graph is saying that the market for guns is thriving to change its equilibrium from QE to Q1 where private benefit equals social benefit as that point does not have an externality. The graph shows that with the increase of demand, the gap between private benefit and social benefit widens. The increase of demand amplifies the market failure of guns making the good even more over-consumed widening the gap between social benefit and private benefit. We can see that the deadweight loss went from MSB to equilibrium, to MSB to point B. With the increase of consumption of the good, this will also increase the chances the spillover cost to occur therefore widening the negative …show more content…

With this legislation, benefit of it is that there will sudden decrease in the spillover costs of guns as the law buffers the consumers from getting it. On the contrary, the impact is that it completely destroys the formal market as legal sales through government-sanctioned channels are banned. On the long run, What is expected to happen is the encouragement of black market to rise as people can only seek their demands for high powered guns outside the law. Furthermore this also impacts the economic well being of the firm owners and sellers as they are unable to earn income from selling their

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All of the items addressed in this essay come to show that not very many people use guns for self defense, and that the gun purchasing process needs to be harder for customers to acquire. There are multiple ways that the world can be a better place, and the first is to create a sense of safety, by making guns harder to get. If this essay still can’t get you on its side, keep in mind that a single bullet can end a close family member’s

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In the New Yorker article “Making a Killing the Business and Politics of Selling Guns” written by Evan Osnos on June 27, 2016, Osnos believes that it is not ethical for an individual to carry a gun as a source of protection and safety as it can gradually increase crime. Osnos main objective for the article is to spread words that gun regulation should be restricted because it has many disadvantage for Americans, as it can help protect the country and reduce crime. In the article, Osnos introduced many examples of gun regulations by using many credible historical news to gain individual’s trust by creating an emotional effect on the audiences. He also uses the historical event to show both the benefits and disadvantages that armed weapon has

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Strict regulations and limitations have been pursued already and clearly do not suffice. Statics brought to attention by gun control opponents, show that gun control laws have done little to reduce crime rates. Several restrictions have been made on certain guns, considered as overly dangerous, though in the hands of an unstable criminal even a legal hunting gun can be deadly. Countless restrictions have been made, however people have still found ways around them. If people are unstable and determined enough, they will find a gun, regardless of the restrictions or regulations.

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The MPB line is the private demand curve that is based benefits to the consumers. The MPB line is not equal to the MSB line because of the negative externalities causing this situation to be a market failure. One of the factors of how a negative externality could contribute to the market failure is by the overprovision of a demerit good. People in Wales who consume alcohol would not consider how detrimental their negative behaviour and added medical costs as a result of consuming alcohol could affect the third party, but would continue their drinking, as alcohol is an inelastic good. However, if we take a closer look on the diagram, the MPB curve is greater than the MSB curve showing that the product is not being consumed at the socially desired level of MSB equalling the MSC curve, resulting to a welfare loss of the triangle which is shaded in purple.

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‘’Guns are responsible for over thirty-three thousand deaths in the United States annually, according to the Centers for Disease Control and Prevention (CDC).. In 2014, the CDC reported that 11,008 of the 15,872 homicides committed in the United States that year involved a firearm. Of the 42,826 suicides reported that year, 21,386 involved a firearm. These statistics have inspired efforts at the federal and state levels to enact gun control legislation to reduce crime and violence’’(‘’Gun Control’’). According to the statistic guns are held for over 33,000 deaths in the United States.

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This will be beneficial to mostly all parties because for any regular gun owner they should not need to purchase more than one handgun at a time. It is legislation like this that will further benefit new york state and in hopes reduce crimes and shootings among people. A final example of the effects of gun control is the restrictions on certain types of weapons in New York. While legislation to prevent firearms is in some way good new york has taken it a step further with the band on assault weapons and high capacity magazines.

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As the ideal utilitarian approach focuses on the concept that the good will outweigh the bad, the good through gun control is easily identified through the way it will reduce the amount of violence as the restrictions of guns will reduce casualties. This has become the fundamental argument for the proponent camp where it is also seen how proponents argue the fact that “guns kill people” following cases of gun violence. As seen in the example of the cases that are ongoing in Baltimore, Maryland and Compton, California, these represents the clear fact that gun control is needed. The society will be a better place and it will be in the interest of the overall society for gun control to be needed. The clear advantages and good will be shown through the reduction of gun violence.

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This then led to the expansion of gun control laws and has strongly shaped and influenced the public’s opinion. The process of developing gun control remains to be a challenge still, due to its capacity removing individual rights and liberty, which undermine the value of guns and firearms in the promotion of deterrence and self-defense and inability to recognize the commitment of existing reasonable gun control initiatives already in

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This paper also provides an interesting solution to gun violence; instead of already proven ineffective gun control laws, these authors suggest looking at why these laws are ineffective. Planty, Michael, and Jennifer

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Instead of banning or limiting guns, the evidence will show that removing the current restrictions and targeting individuals instead of guns will be a more effective process. The topic of gun control has two polarized opinions. One such opinion targets the individuals responsible for the crime, instead of just the weapons. John Moorhouse and Brent Wanner tackle the issue of gun control in their article “Does Gun Control Reduce Crime Or Does Crime Increase Gun Control”, which was published in 2006 in the twenty-sixth volume of the Cato Journal. These researchers looked at the effects gun control laws had on violent crime and gun violence in the individual states.

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