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Calculating tragedy : assessing the costs of terrorism

Frey, Bruno S. and Luechinger, Simon and Stutzer, Alois. (2007) Calculating tragedy : assessing the costs of terrorism. Journal of economic surveys, 21 (1). pp. 1-24.

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Official URL: http://edoc.unibas.ch/dok/A5248998

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Abstract

The trends and consequences of terrorist activities are often captured by counting the number of incidents and casualties. More recently, the effects of terrorist acts on various aspects of the economy have been analyzed. These costs are surveyed and put in perspective. As economic consequences are only a part of the overall costs of terrorism, possible approaches for estimating the utility losses of the people affected are discussed. Results using the life satisfaction approach, in which individual utility is approximated by self-reported subjective well-being, suggest that people`s utility losses may far exceed the purely economic consequences.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Politische ├ľkonomie (Stutzer)
UniBasel Contributors:Stutzer, Alois
Item Type:Article, refereed
Bibsysno:Link to catalogue
Publisher:Basil Blackwell
ISSN:0950-0804
Note:Publication type according to Uni Basel Research Database: Journal article
Identification Number:
Last Modified:21 Nov 2017 09:43
Deposited On:22 Mar 2012 14:06

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