Document Type
Working Paper
Date of This Version
12-1-2004
Keywords
rational choice model, income and substitution effects, Slutsky equation, game theory, prisoners’ dilemma
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.
Working Paper Number
0412
Recommended Citation
Anderton, Charles and Carter, John, "Applying Intermediate Microeconomics to Terrorism" (2004). Economics Department Working Papers. Paper 94.
https://crossworks.holycross.edu/econ_working_papers/94
Published Version
This article was published as: Anderton, C., Carter, J. (2006). Applying Intermediate Microeconomics to Terrorism. Journal of Economic Education, 37(4)