A theoretical model of emission reductions is specified that accounts for voluntary and nonvoluntary behavior regarding the adherence to the Helsinki and Sofia Protocols, which mandated emission reductions for sulphur and nitrogen oxides, respectively. From this model, the authors derive an...

Bt-corn, a genetically engineered insect resistant variety, has been adopted by almost one-quarter of all corn farmers, resulting in economic impacts on both conventional corn growers and Bt-corn growers. we estimate changes in profits for both types of farmers with different levels of seed...

Methyl Bromide in the United States is supplied by only four firms (two producers and two importers) who reap windfall profits from MB restrictions. Since 1992 we estimate that over $300 million in cumulative windfall profits have resulted from restrictions on Methyl Bromide and currently run...

This chapter surveys the past applications of game theory to the study of terrorism. By capturing the strategic interplay between terrorists and targeted governments, game theory is an appropriate methodology for investigating terrorism and counterterrorism. Game theory has been used to examine...

This chapter defines defense economics and indicates how it differs from other subfields of economics. The nature and topics of defense economics are presented. A brief history of the field is also reviewed. The current importance of defense economics in the post-cold war era is discussed....

Since the end of the Cold War, the world remains a dangerous place with new threats: regional conflicts, transnational terrorist networks, rogue states, and weapons of mass destruction (i.e., chemical, biological, radiological, and nuclear). The second volume of the Handbook of Defense Economics...

This chapter reviews game-theoretic and choice-theoretic depictions of terrorist behavior. A simple game-theoretic framework is presented to ascertain under what circumstances a government would want to precommit itself to a no-negotiation strategy. In another game model, we analyze whether two...

This paper implements discrete-time survival models to ascertain the determinants behind specific endings for terrorist groups during 1970–2007. Based on multinomial logit regressions, we estimate the hazard probabilities associated with three endings for terrorist groups: splintering from...

Although the study of the economics of terrorism dates back to 1978, work on this topic was sporadic until 2001. Since the four hijackings on September 11, 2001, there have been many contributions both theoretical and empirical in this area of study. The purpose of this article is twofold: (i)...