: greater investment by an agent shifts the attack to other parts of the network …

networks, is that because security investments create positive externalities on other agents, there will be under-investment in … strategic substitutes. In a general (non-symmetric) network, this implies that under-investment by some agents will encourage … over-investment by others. We demonstrate, by means of examples, there can be over-investment by some agents, and also that …

: greater investment by an agent shifts the attack to other parts of the network …

cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The firm's investment is … increasing prevention. We determine the investment in safety under No Liability, Strict Liability and Negligence, and compare it … are equally effective; both perform better than No Liability; investment in safety is not sensitive to the ability of the …

cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The firm's investment is … increasing prevention. We determine the investment in safety under No Liability, Strict Liability and Negligence, and compare it … are equally effective; both perform better than No Liability; investment in safety is not sensitive to the ability of the …