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An Economic Analysis of Maritime Piracy and its Control

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  • Paul Hallwood
  • Thomas J. Miceli

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  • Paul Hallwood & Thomas J. Miceli, 2013. "An Economic Analysis of Maritime Piracy and its Control," Scottish Journal of Political Economy, Scottish Economic Society, vol. 60(4), pages 343-359, September.
    • Handle: RePEc:bla:scotjp:v:60:y:2013:i:4:p:343-359
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    1. Boadway, Robin & Marceau, Nicolas & Marchand, Maurice, 1996. "Time-Consistent Criminal Sanctions," Public Finance = Finances publiques, , vol. 51(2), pages 149-165.
    2. Sami Bensassi & Inmaculada Martínez-Zarzoso, 2012. "How Costly is Modern Maritime Piracy to the International Community?," Review of International Economics, Wiley Blackwell, vol. 20(5), pages 869-883, November.
    3. Gary S. Becker, 1974. "Crime and Punishment: An Economic Approach," NBER Chapters, in: Essays in the Economics of Crime and Punishment, pages 1-54, National Bureau of Economic Research, Inc.
    4. Lueck, Dean, 1995. "The Rule of First Possession and the Design of the Law," Journal of Law and Economics, University of Chicago Press, vol. 38(2), pages 393-436, October.
    5. James E. Anderson & Douglas Marcouiller, 2005. "Anarchy And Autarky: Endogenous Predation As A Barrier To Trade," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(1), pages 189-213, February.
    6. Poret, Sylvaine, 2002. "Paradoxical effects of law enforcement policies: the case of the illicit drug market," International Review of Law and Economics, Elsevier, vol. 22(4), pages 465-493, December.
    7. Matthew Baker & Thomas Miceli, 2005. "Credible Criminal Enforcement," European Journal of Law and Economics, Springer, vol. 20(1), pages 5-15, July.
    8. Grossman, Herschel I & Kim, Minseong, 1995. "Swords or Plowshares? A Theory of the Security of Claims to Property," Journal of Political Economy, University of Chicago Press, vol. 103(6), pages 1275-1288, December.
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    10. Steven Shavell & A. Mitchell Polinsky, 2000. "The Economic Theory of Public Enforcement of Law," Journal of Economic Literature, American Economic Association, vol. 38(1), pages 45-76, March.
    11. Guha, Brishti & Guha, Ashok S., 2011. "Pirates and traders: Some economics of pirate-infested seas," Economics Letters, Elsevier, vol. 111(2), pages 147-150, May.
    12. Shortland, Anja & Vothknecht, Marc, 2011. "Combating “maritime terrorism” off the coast of Somalia," European Journal of Political Economy, Elsevier, vol. 27(S1), pages 133-151.
    13. Hong, Nong & Ng, Adolf K.Y., 2010. "The international legal instruments in addressing piracy and maritime terrorism: A critical review," Research in Transportation Economics, Elsevier, vol. 27(1), pages 51-60.
    14. Helen B Bendall, 2010. "Cost of piracy: A comparative voyage approach," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 12(2), pages 178-195, June.
    15. James A. Fawcett, 2010. "Challenges to apprehension and prosecution of East African maritime pirates," Maritime Policy & Management, Taylor & Francis Journals, vol. 37(7), pages 753-765, December.
    16. Mortensen, Dale T, 1982. "Property Rights and Efficiency in Mating, Racing, and Related Games," American Economic Review, American Economic Association, vol. 72(5), pages 968-979, December.
    17. Helsley, Robert W. & Strange, William C., 1999. "Gated Communities and the Economic Geography of Crime," Journal of Urban Economics, Elsevier, vol. 46(1), pages 80-105, July.
    18. Peter T. Leeson, 2007. "An-arrgh-chy: The Law and Economics of Pirate Organization," Journal of Political Economy, University of Chicago Press, vol. 115(6), pages 1049-1094, December.
    19. Lewin, Jeff L. & Trumbull, William N., 1990. "The social value of crime?," International Review of Law and Economics, Elsevier, vol. 10(3), pages 271-284, December.
    20. Naranjo, Alberto J., 2010. "Spillover effects of domestic law enforcement policies," International Review of Law and Economics, Elsevier, vol. 30(3), pages 265-275, September.
    21. George J. Stigler, 1974. "The Optimum Enforcement of Laws," NBER Chapters, in: Essays in the Economics of Crime and Punishment, pages 55-67, National Bureau of Economic Research, Inc.
    22. Keith N. Hylton, 1996. "Optimal Law Enforcement and Victim Precaution," RAND Journal of Economics, The RAND Corporation, vol. 27(1), pages 197-206, Spring.
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    Cited by:

    1. Kenneth S. Chan & Jean‐Pierre Laffargue, 2020. "Is piracy sustainable?," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 53(1), pages 321-340, February.
    2. Livingstone Divine Caesar & Justin Lewis & Mawuli Afenyo & Mazen Brho, 2021. "Global maritime piracy: Impact on seafaring and the factors shaping confrontational outcomes," Journal of Transportation Security, Springer, vol. 14(3), pages 307-324, December.
    3. Olaf Jonkeren & Piet Rietveld, 2016. "Protection of Critical Waterborne Transport Infrastructures: An Economic Review," Transport Reviews, Taylor & Francis Journals, vol. 36(4), pages 437-453, July.
    4. Paul Hallwood & Thomas J. Miceli, 2014. "Modern Maritime Piracy," Working papers 2014-01, University of Connecticut, Department of Economics.
    5. Lewis, Justin S., 2016. "Maritime piracy confrontations across the globe: Can crew action shape the outcomes?," Marine Policy, Elsevier, vol. 64(C), pages 116-122.
    6. Obed B.C. Ndikom & Buhari Sodiq Olusegun, 2019. "The Presidential Order and Challenges of the Maritime Sector in Nigeria," International Journal of Science and Business, IJSAB International, vol. 3(4), pages 117-133.
    7. Liang, Maohan & Li, Huanhuan & Liu, Ryan Wen & Lam, Jasmine Siu Lee & Yang, Zaili, 2024. "PiracyAnalyzer: Spatial temporal patterns analysis of global piracy incidents," Reliability Engineering and System Safety, Elsevier, vol. 243(C).

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