Fighting maritime piracy: three lessons from pompeius magnus

@article{Schubert2012FightingMP,
  title={Fighting maritime piracy: three lessons from pompeius magnus},
  author={Christian Schubert and Leonhard Lades},
  journal={Defence and Peace Economics},
  year={2012},
  volume={25},
  pages={481 - 497}
}
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 generating significant negative externalities to third parties (e.g. in terms of environmental hazards and terrorism), justifying attempts to contain it. We argue that these attempts may benefit from a look back – through the analytical lens of rational… 
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