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The Law and Economics of International Cooperation Against Maritime Piracy

Author

Listed:
  • Paul Hallwood

    (University of Connecticut)

  • Thomas J. Miceli

    (University of Connecticut)

Abstract

Article 100 of the U.N. Convention on the Law of the Sea requires signatories to “cooperate” against maritime piracy, but “cooperate” is undefined. Enforcement is a public good – creating uncompensated benefits for others, so suffering from free-rider problems. Our analysis readily explains why more pirates captured are released than prosecuted; why the U.N. and International Maritime Organization are seeking to reduce enforcement costs; why some in the shipping industry want to apply the 1988 Convention against terrorism at sea; and why still others want to move prosecution of pirates out of national courts to an international court.

Suggested Citation

  • Paul Hallwood & Thomas J. Miceli, 2011. "The Law and Economics of International Cooperation Against Maritime Piracy," Working papers 2011-12, University of Connecticut, Department of Economics.
    • Handle: RePEc:uct:uconnp:2011-12
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    International law; law enforcement; maritime piracy;
    All these keywords.

    JEL classification:

    • K14 - Law and Economics - - Basic Areas of Law - - - Criminal Law
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law

    NEP fields

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