Pirates and traders: Some economics of pirate-infested seas

Guha, Brishti; Guha, Ashok

doi:10.1016/j.econlet.2011.01.030

Cited by 13 publications

(6 citation statements)

References 10 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Also, some investments (for example, heavy armaments) might eliminate the risk of pirate attack altogether (i.e., result in φ = 0). Guha and Guha () allow that possibility, but we do not.…”

mentioning

confidence: 81%

“…Variation in b across target ships reflects the differing nature of cargo across vessels, some of which is more easily confiscated and used or resold, as well as differences in the ransom potential of crew members. In this respect, the model differs from that in Guha and Guha (), where pirates are assumed to know the booty of all potential targets with certainty…”

Section: An Economic Model Of Maritime Piracymentioning

confidence: 99%

“…For example, Anderson and Marcouiller () analyze piracy in a two‐country Ricardian model of trade. In the paper closest to ours, Guha and Guha () examine self‐insurance by merchants and third‐party enforcement as complementary approaches to the control of piracy. They show that increased enforcement does not involve moral hazard in the sense that it may, conceivably, decrease the amount of self‐insurance that merchants invest in.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

An Economic Analysis of Maritime Piracy and its Control

Hallwood

Miceli

2013

Scottish J Political Eco

View full text Add to dashboard Cite

Modern-day piracy on the high seas poses a serious threat to international shipping. This paper develops an economic of model of piracy that emphasizes the strategic interaction between the efforts of pirates to locate potential targets, and shippers to avoid contact. Implementation of optimal enforcement policies is complicated by the need for international cooperation in the apprehension and prosecution of pirates. Free riding and other problems therefore impede the effectiveness of current international laws against piracy.

show abstract

mentioning

confidence: 81%

Section: An Economic Model Of Maritime Piracymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

An Economic Analysis of Maritime Piracy and its Control

Hallwood

Miceli

2013

Scottish J Political Eco

View full text Add to dashboard Cite

show abstract

“…Anderson and Marcouiller (2005) analyzed a two-country Ricardian model where agents could choose between trade, domestic autarky production and piracy, and showed that autarky obtained over a large parameter space. In an earlier paper (Guha and Guha, 2011) I examine the options available to pirates and traders on a "pirate-infested sea" i.e. assuming there is always an infinitely elastic supply of pirates prepared to attack a vessel as long as it is profitable for them to do so.…”

Section: Introductionmentioning

confidence: 99%

Pirates and fishermen: Is less patrolling always bad?

Guha

2012

Journal of Economic Behavior & Organization

Self Cite

View full text Add to dashboard Cite

a b s t r a c tMotivated 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 yields multiple equilibria, an "efficient" one with no patrolling and low piracy, a less efficient equilibrium with intermediate levels of both piracy and patrolling and a highly inefficient high-patrolling high-piracy equilibrium. Analyzing the dynamic analogue, I obtain the surprising result that sufficiently low patrolling can be a good strategy.

show abstract

“…Guha studied economic loss caused by marine transportation ships specific to pirates attack (Elio, Shane and Alan, 2014). Elio considered pirates attack as a dynamic behavior (Guha and Ashok ,2011), analyzed pirates attack number and activity area by adopting a dynamic model, and conducted a case study by setting the Gulf of Aden as an example. Gao Tianhang proposed an escort method for new warships to combat piracy to improve navy efficiency by adopting the thought of key area coverage (Gao and Lv,2016).…”

Section: Introductionmentioning

confidence: 99%

Pirates Attack Space Division Based on Spatial Clustering

2017

Revista Tecnica De La Facultad De Ingenieria Universidad Del Zu

View full text Add to dashboard Cite

Because the pirates gathering areas, merchant shipping routes and pirates style can influence the pirates attack, the Pirate Event Special Division Algorithm based on the DBSCAN is constructed to divide the space of the pirates attack positions. A case study in East Africa is calculated and the results are analyzed, and 9 clusters are got. The analysis proves that the Pirate Event Special Division Algorithm conforms to the reality. It indicates that the method is practical and scientific. pirates attack has always been an important factor threatening international maritime transportation. Nowadays, there are numerous areas of international waters affected by pirates attack, mainly including the Gulf of Aden, Indian Ocean, the west African coast, Strait of Malacca, South China Sea and some other sea areas. Starting from the report on pirates attack geographical location, the paper established pirates attack density-based spatial clustering space division algorithm and explored the features of pirates attack events of different areas. The algorithm not only considered the geographical coordinates of the historical pirates attack events, but also the number of person being killed, missing or injured in pirates attack which can reflect the factors of pirate behavior styles.

show abstract

Pirates and traders: Some economics of pirate-infested seas

Cited by 13 publications

References 10 publications

An Economic Analysis of Maritime Piracy and its Control

An Economic Analysis of Maritime Piracy and its Control

Pirates and fishermen: Is less patrolling always bad?

Pirates Attack Space Division Based on Spatial Clustering

Contact Info

Product

Resources

About