Applying Intermediate Microeconomics to Terrorism

Charles Anderton () and John Carter ()
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Charles Anderton: Department of Economics, College of the Holy Cross
John Carter: Department of Economics, College of the Holy Cross

No 412, Working Papers from College of the Holy Cross, Department of Economics

Abstract: The authors show how microeconomic concepts and principles are applicable to the study of terrorism. The utility maximization model provides insights into both terrorist resource allocation choices and government counterterrorism efforts, while basic game theory helps characterize the strategic interdependencies among terrorists and governments.

Keywords: terrorism; rational choice model; income and substitution effects; Slutsky equation; game theory; prisoners’ dilemma; chicken; public goods (search for similar items in EconPapers)
JEL-codes: A12 A22 C70 D11 D74 H41 H56 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mic
Date: Written 2004-12
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Published in Journal of Economic Education, Vol. 37:4, Fall 2006, pp. 442-458.

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http://www.holycross.edu/departments/economics/RePEc/Anderton_Terrorism.pdf Original paper written in August 2004 (application/pdf)

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