Besley, Tim; Fetzer, Thiemo; Mueller, Hannes - Departament d'Economia i Història Econòmica, … - 2012
This paper estimates the effect of piracy attacks on shipping costs using a unique data set on shipping contracts in the dry bulk market. We look at shipping routes whose shortest path exposes them to piracy attacks and find that the increase in attacks in 2008 lead to around a ten percent...