A consumer-choice theoretical model is developed to test the regional effects of terrorism on competitors' market shares in the tourism sector where involved countries enjoy significant tourism activities but are subject to a high frequency of terrorist attacks. Using data for three...

Despite substantial progress in the applied study of terrorism, one important methodological issue has remained underdeveloped. Multiple warnings have urged for caution as the validity of extant findings may have been distorted from the well-known “devil†of underreporting bias. Yet,...