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IDS Models of Airline Security

Bibliographic Data

ID6284813
AuthorsGeoffrey Heal (0000-0002-2837-0025, Columbia University), Howard Kunreuther (Wharton School, University of Pennsylvania)
Year2005
Volume49
Issue2
Pages201-217
Publication date2005-04-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Conflict Resolution (JOURNAL)
Journal identifiersISSN: 0022-0027 • E-ISSN: 1552-8766
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0022002704272833
OpenAlexW2149957757
LanguageEN
Citations received16
References cited14

This article applies an earlier analysis of interdependent security issues to a general class of problems involving discrete interdependent exposure to terrorist risks. Any agent’s incentive to adopt risk-reducing measures depends on the actions of others because of the negative externalities created by not investing in protection. Using airline security as an illustrative example, the authors show that any individual airline will be less likely to invest in security measures as more firms in the industry also fail to invest. For a wide range of parameters, both individual airline and total industry profits can be significantly improved by everyone investing in security. The article discusses the role that private trade associations as well as public-sector actions such as taxes, subsidies, and regulations can play in dealing with the negative externalities caused by interdependent security. The article concludes with suggestions for future research

Business · Economics · Externality · Incentive · Industrial organization · Interdependence · Market economy · Microeconomics · Political science · Public economics · Subsidy · Terrorism · Crime Patterns and Interventions · Supply Chain Resilience and Risk Management · Terrorism, Counterterrorism, and Political Violence

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Unique citing works16
Citations per year0,73
Citation span2004 - 2025 (22)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 15

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