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This paper investigates the magnitude and the duration of the effect of a terrorist attack on stock market indices. We investigate the impact of New York (2001), Madrid (2004), London (2005), Boston (2013), Paris (2015), Brussels (2016), Nice (2016) and Berlin (2016) on the stock indices of the...
Persistent link: https://www.econbiz.de/10012962114
This paper investigates whether the change of crypto-trading volume can affect the occurrence of terror attacks. We find that an increase in the Bitcoin and Ethereum trading volume is related to the higher probability of the occurrence of terror attacks while other main cryptocurrencies have no...
Persistent link: https://www.econbiz.de/10012847174
economic analysis of terrorism. NM expected utility maximisation can be used to derive important results with implications for …
Persistent link: https://www.econbiz.de/10014202668
Terror may have dire implications for the public's behavior. According to Kirschenbaum (J Homel Secur Emerg Manag 3(1/3):1–33, 2006), in order to minimize the expected impact of a terror incident the public has to adopt a ‘‘survival strategy''. According to the underlying research...
Persistent link: https://www.econbiz.de/10012921088
This paper examines two potential effects of the World Trade Center (WTC) attack on the insurance industry, a short-run negative claim effect and a long-run positive growth effect. We hypothesize a short-run claim effect, resulting from insufficient premium ex-ante for catastrophic losses, and a...
Persistent link: https://www.econbiz.de/10014027000
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on a two-period signaling game. The terrorists, taking into account the government's counter-terrorism response to first … choice it observes in period 1 and adjusts its second period counter-terrorism spending according to the perceived threat of … terrorism. Combining the signaling game and organizational growth approaches of previous contributions, this paper shows that …
Persistent link: https://www.econbiz.de/10009656211