11 Pages Posted: 11 Jul 2004
Evidence from early terrorist groups reveals a structural equivalence between extortion and terrorism. This allows us to draw conclusions from the theory of extortion that can be applied to a theory of terrorism concerning the role of repeated play in the viability of extortion. It also enables us to analyse the role of commitment in destroying the extortionary organization.
Suggested Citation: Suggested Citation
Konrad, Kai A., The Investment Problem in Terrorism. Economica, Vol. 71, No. 283, pp. 449-459, August 2004. Available at SSRN: https://ssrn.com/abstract=562272
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