Piracy off the coast of Somalia took the world by surprise when, within a six-year span (2005-2011), as many as 1 … calibrate a structural model of Somali piracy, the paper estimates the elasticity of crime with respect to deterrence and … new hijacking reported between 2013 and mid-2015. The paper quantitatively investigates the roles of two crime deterrence …

Piracy in international waters is on the rise again, in particular off the coast of Somalia. While the dynamic game … Gnaeus Pompeius Magnus (Pompey the Great) in 67 BC. -- Piracy ; Somalia ; Public Choice Theory … between pirates, ship-owners, insurance firms and the military seems to have reached some kind of equilibrium, piracy risks …