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When one victim's precautions against crime have spillover benefits to other victims, individuals do not take the socially optimal amount of precaution. I explore the use of criminal sanctions as a mechanism to correct this: Criminals are punished based on the level of precaution taken by the...
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When one victim's precautions against crime have spillover benefits to other victims, individuals do not take the socially optimal amount of precaution. I explore the use of criminal sanctions as a mechanism to correct this: Criminals are punished based on the level of precaution taken by the...
Persistent link: https://www.econbiz.de/10014108904
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 … indicates novel directions for applying game theory to terrorism-related issues (e.g., cooperative collectives to strengthen …
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This paper analyzes private precautions against crime when the value of the property to be protected is private information. Within a framework in which potential criminals can choose between various crime opportunities, we establish that decentralized decision-making by potential victims may...
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