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Is maritime piracy random?

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Author Info
Maximo Mejia
Pierre Cariou
Francois-Charles Wolff

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Abstract

Far from being an extinct phenomenon, piracy still exists in the modern world and is a growing menace to the security and safety of shipping. Using the data on attacks against vessels reported between 1996 and 2005 merged with the data on the total world merchant fleet, this article inquires whether acts of piracy are a truly random occurrence. Results show that both flag of registry and type of vessel are significant factors in explaining maritime piracy.

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File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850701222186&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
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Publisher Info
Article provided by Taylor and Francis Journals in its journal Applied Economics Letters.

Volume (Year): 16 (2009)
Issue (Month): 9 ()
Pages: 891-895
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Handle: RePEc:taf:apeclt:v:16:y:2009:i:9:p:891-895

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This page was last updated on 2009-12-5.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.