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How to Tackle the Gulf of Aden Buccaneers

Author

Listed:
  • Calahorrano, Lena
  • an de Meulen, Philipp

Abstract

The surge of maritime piracy in the Gulf of Aden is often related to lawlessness and poverty in Somalia. We set up a simple model to describe the choice of becoming a pirate in a setting with an industrialized and a developing country which both engage in fishing in the same waters. As a result of fishing competition, maritime piracy as an alternative to fishing becomes more attractive in the developing country. We further investigate possible measures for the industrialized country to deal with piracy.

Suggested Citation

  • Calahorrano, Lena & an de Meulen, Philipp, 2010. "How to Tackle the Gulf of Aden Buccaneers," Proceedings of the German Development Economics Conference, Hannover 2010 31, Verein für Socialpolitik, Research Committee Development Economics.
  • Handle: RePEc:zbw:gdec10:31
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    File URL: https://www.econstor.eu/bitstream/10419/40015/1/303_calahorrano.pdf
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    References listed on IDEAS

    as
    1. Maximo Mejia & Pierre Cariou & Francois-Charles Wolff, 2009. "Is maritime piracy random?," Applied Economics Letters, Taylor & Francis Journals, vol. 16(9), pages 891-895.
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    Keywords

    Maritime Piracy; Expropriation; Migration;

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • P48 - Economic Systems - - Other Economic Systems - - - Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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