Deterrence, preemption and panic: A Common-enemy problem of terrorism
We develop a game-theoretic analysis of terrorism that examines the interaction between a terrorist organization and multiple target countries, and considers both pre-emption and deterrence as counterterrorist policies. The damage from terror includes not only the material cost of fatality, injury and loss of property, but also the resultant fear. The fear-effect leads to different kinds of equilibria and implications for counter-terrorism policies. In particular, the model identifies conditions under which greater pre-emption may be the rational response to an increase in terrorism, i.e., it analyzes the merit of the dictum: "offense is the best defense." Further, it examines the characteristics of cooperative behavior among target countries in dealing with the threat of terrorism.
|Date of creation:||Apr 2008|
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"Terrorism and the World Economy,"
DFAEII Working Papers
2005-19, University of the Basque Country - Department of Foundations of Economic Analysis II.
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- Todd Sandler & Kevin Siqueira, 2006. "Global terrorism: deterrence versus pre-emption," Canadian Journal of Economics, Canadian Economics Association, vol. 39(4), pages 1370-1387, November.
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