Papers in this group
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This paper estimates the e¤ect of piracy attacks on shipping costs using a unique data set on shipping contracts in the dry bulk market. We look at shipping routes whose shortest path exposes them to piracy attacks and …nd that the increase in…
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Maritime Piracy poses the greatest threat to sustainability and peace in Africa. The daringness of pirates and width of their activities threaten national interests. South Africa is a maritime nation and great attention is to be given to the…
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Article 100 of the U.N. Convention on the Law of the Sea requires signatories to “cooperate” against maritime piracy, but “cooperate” is undefined. Enforcement is a public good – creating uncompensated benefits for others, so suffering from…
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Piracy in international waters is on the rise again, in particular off the coast of Somalia. While the dynamic game between pirates, ship-owners, insurance firms and the military seems to have reached some kind of equilibrium, piracy risks…
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