Description
Book SynopsisThis landmark book covers a range of issues concerning the consequences of terrorist attacks. Beginning with a discussion of new policies and strategies, it then delves into specific areas of concern, modeling a range of possible scenarios and ways to mitigate or pre-empt damages.
Top researchers from around the world discuss issues such as: airport security, urban terrorism, Coast Guard operations, and the need to balance freedoms with security. New policies for deterring terrorism are also proposed. Later chapters model the economic impacts of terrorist attacks on the food industry, major US ports, and US theme parks. The final chapters provide an in-depth look at the effects of interruptions to electricity supply and how to improve resiliency. Using specific locations and situations, the volume details in a concrete way the long and short-term economic effects of possible future attacks.
The cutting-edge research and provocative conclusions make this a must-read for policymakers, public sector economists, urban planners, aviation officials, insurance industry analysts and those charged with disaster management.
Trade Review'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
Table of ContentsContents: 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
