This paper argues that terrorism, beyond its immediate impact on innocent victims, also raises the costs of crime, and … therefore, imposes a negative externality on potential criminals. Terrorism raises the costs of crime through two channels: (i … the tendency for individuals to stay home after a terror attack further increases the costs of crime. -- Crime ; police …

This paper argues that terrorism, beyond its immediate impact on innocent victims, also raises the costs of crime, and … therefore, imposes a negative externality on potential criminals. Terrorism raises the costs of crime through two channels: (i … the tendency for individuals to stay home after a terror attack further increases the costs of crime …

This paper examines the economic consequences of terror attacks and the channels through which terrorism affects local … randomness in the success or failure of terror attacks to identify the economic impacts of terrorism. The findings suggest that …

support that notion. -- Intifada ; terrorism ; Granger causality …