Terrorism and Business

Bruno Frey

No 329, IEW - Working Papers from Institute for Empirical Research in Economics - University of Zurich

Abstract: Deterrence has been a crucial element in fighting terrorism, both in politics and in rational choice analyses of terrorism. However, there are two strategies that are superior to deterrence. The first one is to make terrorist attacks less devastating and less attractive to terrorists through decentralization. The second one is to raise the opportunity cost � rather than the material cost � for terrorists. These alternative strategies will effectively dissuade potential terrorists. It is here argued that they not only apply to society as a whole but can also usefully be applied by business enterprises.

Keywords: Terrorism; Deterrence; Decentralization; Opportunity Cost; Business; Enterprises (search for similar items in EconPapers)
JEL-codes: D74 H56 K42 (search for similar items in EconPapers)
Date: 2007-07
New Economics Papers: this item is included in nep-lam and nep-law
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Journal Article: Terrorism and business (2008)
Working Paper: Terrorism and Business (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:zur:iewwpx:329

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