How to Tackle the Gulf of Aden Buccaneers

Lena Calahorrano and Philipp an de Meulen

No 31, Proceedings of the German Development Economics Conference, Hannover 2010 from Verein für Socialpolitik, Research Committee Development Economics

Abstract: The surge of maritime piracy in the Gulf of Aden is often related to lawlessness and poverty in Somalia. We set up a simple model to describe the choice of becoming a pirate in a setting with an industrialized and a developing country which both engage in fishing in the same waters. As a result of fishing competition, maritime piracy as an alternative to fishing becomes more attractive in the developing country. We further investigate possible measures for the industrialized country to deal with piracy.

Keywords: Maritime Piracy; Expropriation; Migration (search for similar items in EconPapers)
JEL-codes: D78 F22 P48 (search for similar items in EconPapers)
Date: 2010
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