terror context. Specifically, it focuses on two strands of the literature, deterrence and incapacitation. It considers anti …

Recent contributions to the economics of terrorism have given contradicting recommendations for campaigning against … terrorism, from the proposal to deprive terrorists of their resources to the proposal of raising the opportunity costs of … terrorism by increasing the wealth of the affected regions. Within a simple framework which differentiates between the decision …

In this paper we estimate the macroeconomic consequences of terrorism using panel data for 147 countries for the period … 1968–2002. The results reveal that the potential gains to a country from reducing terrorism are quite large, although the … of terrorism on GDP, GDP growth, investment, consumer spending, and tourism. These estimates of the marginal impact of …

Terrorism is a tactic much more likely to be used when combatants have asymmetric numerical strength and weaponry. Only … incentives that reward loyalty, by giving access to excludable near-public (“club”) goods. Culture is the key to achieving either … of these solutions. Culture is defined here as the set of “inherited” beliefs, attitudes, and moral strictures that a …

This paper outlines and evaluates the nature of terrorism as perpetrated by al-Qaeda. To begin it graphs the … institutional blueprint of society, and identifies the ubiquitous relationship between state, market and culture in any society. It …

caused the private system to generate too little deterrence. The historical evidence suggests that these private order …

This paper analyzes deterrence in international conflicts. Assume a strong country has several opponents and faces a …