An Economic Analysis of Security Policies

Tilman Br�ck ()
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Tilman Br�ck: German Institute for Economic Research (DIW Berlin)
Authors registered in the RePEc Author Service: Tilman Brück

No 6, HiCN Working Papers from Households in Conflict Network

Abstract: This paper analyses public policy choices in the security economy from an economic perspective. It discusses the role of public goods for national and global security and identifies the importance of the first- and second-order indirect effects of insecurity on economic activity, which include the behavioural responses of agents and the government to security measures, akin to such effects in insurance economics. Furthermore, key public policy trade-offs are outlined, in particular between security and efficiency, globalisation, equity and freedom. The analysis identifies suitable policy options for raising security in the national and international contexts and in view of these trade-offs. A suitable balance between market and non-market instruments in achieving security should be aimed for to minimise the adverse effects of aiming for higher security. In addition, the public good nature of security implies that international coordination of security policies is important, despite this process being itself fraught with enforcement problems.

Keywords: collective goods; public policy; regulation; risk; security; terrorism (search for similar items in EconPapers)
JEL-codes: D74 H40 K40 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2004-11
New Economics Papers: this item is included in nep-law and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: AN ECONOMIC ANALYSIS OF SECURITY POLICIES (2005)
Working Paper: An Economic Analysis of Security Policies (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:hic:wpaper:06

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