Maritime transport has been historically susceptible to piracy. While broad assessments suggest the impact of modern … piracy causes large economic losses, the literature lacks quantification of the magnitude of the costs and the behavioral … responses that underpin them. Here, we combine theory and a unique geospatial dataset combining more than 25 million shipping …

This paper focuses on the impact of maritime piracy on international trade. Piracy increases the cost of international … measures of piracy acts. We found robust evidence indicating that maritime piracy reduces the volume of trade; the effect of … cost of piracy in terms of trade destruction is estimated to be 28 billion dollars. Finally, we compare the cost of low …