Despite a general agreement that piracy poses a significant threat to maritime shipping, empirical evidence regarding … customs data with information on pirate attacks to investigate how exporting firms respond to maritime piracy. It finds that … overall exports along a particular shipping route fall following an increase in pirate activity. In addition, piracy induces …

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 …