Pirates and Fishermen: Is Less Patrolling Always Bad?
Motivated by the Somali fishermen–pirates, I explore the time allocation decision of potential pirates between piracy and an alternative non-violent occupation, fishing, when the returns of both piracy and fishing are sensitive to patrolling intensity. For a range of parameters, the static model yie...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2012
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/1346 https://ink.library.smu.edu.sg/context/soe_research/article/2345/viewcontent/Pirates_Fishermen_afv.pdf |
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| Institution: | Singapore Management University |
| Language: | English |