Applying Intermediate Microeconomics to Terrorism

32 Pages Posted: 26 Sep 2004

See all articles by Charles H. Anderton

Charles H. Anderton

College of the Holy Cross - Department of Economics

John R. Carter

College of the Holy Cross - Department of Economics

Date Written: August 30, 2004

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

JEL Classification: A12, A22, C70, D11, D74, H41, H56

Suggested Citation

Anderton, Charles H. and Carter, John R., Applying Intermediate Microeconomics to Terrorism (August 30, 2004). Available at SSRN: https://ssrn.com/abstract=595242 or http://dx.doi.org/10.2139/ssrn.595242

Charles H. Anderton (Contact Author)

College of the Holy Cross - Department of Economics ( email )

1 College Street
Worcester, MA 01610-2395
United States

John R. Carter

College of the Holy Cross - Department of Economics ( email )

1 College Street
Worcester, MA 01610-2395
United States
508-793-2676 (Phone)
508-793-3708 (Fax)

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