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Economics of Security Working Paper Series 47 / 2011
This paper evaluates the effectiveness of the international naval mission in the Gulf of Aden from 2008-2010, both in terms of its counter-piracy and its counter-terrorism objectives. We draw on arguments developed in the literature of law and economics, detailed statistical analyses and a large number of in depth interviews. Counter-piracy operations are a qualified success: their main effects are ...
2011| Anja Shortland, Marc Vothknecht
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Economics of Security Working Paper Series 46 / 2011
We present a theoretical model postulating that the relationship between crime and governance is "hump-shaped" rather than linearly decreasing. State failure, anarchy and a lack of infrastructure are not conducive for the establishment of any business. This includes illegal businesses, as criminals need protection and markets to convert loot into consumables. At the bottom end of the spectrum, therefore, ...
2011| Olaf J. de Groot, Matthew D. Rablen, Anja Shortland
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Economics of Security Working Paper Series 45 / 2011
This survey provides an in-depth analysis of existing research on the economic analysis of terrorism and counter-terrorist measures. First the existing evidence on the causes of terrorism is analyzed, then we consider the evidence of the consequences of terrorism and we demonstrate why it is important to regarding of the issue of counter-terrorism policy. Moreover the survey presents the existing knowledge ...
2011| Friedrich Schneider, Tilman Brück, Daniel Meierrieks
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Economics of Security Working Paper Series 44 / 2011
This survey provides an in-depth analysis of existing research on the economic analysis of terrorism and counter-terrorist measures. First the existing evidence on the causes of terrorism is analyzed, then we consider the evidence of the consequences of terrorism and we demonstrate why it is important to regarding of the issue of counter-terrorism policy. Moreover the survey presents the existing knowledge ...
2011| Friedrich Schneider, Tilman Brück, Daniel Meierrieks
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Economics of Security Working Paper Series 43 / 2011
This document synthesizes the results of the research made on the European security market. It deals with questions of interest regarding the provision of security goods and services for protecting society from terrorism and organised crime. It explores issues such as market revenues, demand and supply, industrial capabilities, technology, research and development, innovation, business strategies, ...
2011| Carlos Martí Sempere
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Economics of Security Working Paper Series 42 / 2011
This paper develops a deductive theoretical framework for assessing the EU's added value in the fight against terrorism. The first part argues that public good theory helps to conceptualize objectives of international counterterrorism cooperation and the respective role of international organizations. It critically evaluates existing discussions of security cooperation from this theoretical perspective ...
2011| Raphael Bossong
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Economics of Security Working Paper Series 40 / 2010
An expanding body of literature has addressed the question of the economic impact terrorist attacks have. A part of this literature has focused on the impact recent major terrorist hits had on financial markets. The question addressed by this paper is to what extent markets' reaction to major terrorist hits has changed over time. A large - the London stock exchange - and a small - the Athens stock ...
2010| Christos Kollias, Efthalia Manou, Stephanos Papadamou, Apostolos Stagiannis
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Economics of Security Working Paper Series 37 / 2010
We explore whether differences of terrorism risk perception across all European countries reflect their underlying differences in terrorism risk, which we decompose into a long term and innovation component. We employ longitudinal country-level data on terrorism risk concern and our modeling approach is motivated by the Bayesian framework. We conclude that the observed risk perception variation is ...
2010| Konstantinos Drakos, Cathérine Müller
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Economics of Security Working Paper Series 36 / 2010
We investigate whether differences in terrorism risk are mirrored on terrorism risk concern across European countries for the period 2003-2007. We find that the average propensity for terrorism risk concern is indeed affected by actual risk levels. Furthermore, country and individual heterogeneity contribute substantially to the variation of observed risk concern. According to our findings, males, ...
2010| Konstantinos Drakos, Cathérine Müller
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Economics of Security Working Paper Series 33 / 2010
In this paper we study the response of vote shares to economic fluctuations and conflict. Spain seems to be the ideal niche for a case study like this since it has experienced both phenomena during the last decades. Recent Spanish democratic history has witnessed four complete economic cycles, with deep recessions and pronounced booms. During this period, there has been a nationalistic conflict with ...
2010| Javier Gardeazabal