The Economic Costs and Consequences of Terrorism

'This volume raises many important questions and is a valuable addition to the empirical literature on the economics of terrorism. Individuals charged with thinking about the design of appropriate counterterrorism and disaster management strategies will want to read this book. Highly recommended.' -- J.H. Turek, Choice

Edited by Harry W. Richardson, Honorary Doctorate, Universidad Autonoma del Estado de Mexico, Peter Gordon, Professor, School of Policy, Planning and Development, University of Southern California, US and James E. Moore II, Professor, University of Southern California, US

Contents: Preface PART I: INTRODUCTION 1. Introduction Harry W. Richardson, Peter Gordon and James E. Moore II PART II: GENERAL ISSUES 2. Terrorism: Considering New Policies Bruno S. Frey and Simon Luechinger 3. An Empirical Analysis of the Terrorism Risk Insurance Act (TRIA) Howard Kunreuther and Erwann Michel-Kerjan PART III: SECURITY 4. Airport Security: Time for a New Model Robert W. Poole, Jr. 5. Cost-effective Strategies to Address Urban Terrorism: A Risk Management Approach Richard G. Little 6. Optimal Inspection Strategies for Coast Guard Operations Niyazi Onur Bakir 7. Balancing Freedom and Security after 9/11: Risk Management at the National Park Service Larry Parkinson PART IV: MACROECONOMIC, SECTORAL AND SPATIAL IMPACTS 8. The National Economic Impacts of a Food Terrorism Event: Initial Estimates of Indirect Costs Thomas F. Stinson 9. The Economic Cost of Disasters: Permanent or Ephemeral? Matthew P. Drennan 10. Analyzing Catastrophic Terrorist Events with Applications to the Food Industry Hamid Mohtadi and Antu Panini Murshid 11. Simulating the State-by-State Effects of Terrorist Attacks on Three Major US Ports: Applying NIEMO (National Interstate Economic Model) Jiyoung Park, Peter Gordon, James E. Moore II, Harry W. Richardson and Lanlan Wang 12. Tourism and Terrorism: The National and Interregional Economic Impacts of Attacks on Major US Theme Parks Harry W. Richardson, Peter Gordon, James E. Moore II, Soojung Kim, Jiyoung Park and Qisheng Pan PART V: THE ELECTRIC POWER SECTOR 13. Worst-case Electricity Scenarios: The Benefits and Costs of Prevention Lester B. Lave, Jay Apt and Granger Morgan 14. Risk and Economic Costs of a Terrorist Attack on the Electric System Rae Zimmerman, Carlos E. Restrepo, Jeffrey S. Simonoff and Lester B. Lave 15. Regional Economic Impacts of a Terrorist Attack on the Water System of Los Angeles: A Computable General Disequilibrium Analysis Adam Rose, Gbadebo Oladosu and Shu-Yi Liao 16. Two-sided Electricity Markets: Self-Healing Systems Richard E. Schuler Index