Document Type
Article
Publication Date
6-1-2006
Abstract
My research interest is to understand the business plan for industries to invest in security against terrorism, if and why this investment is likely to be less than socially optimal and what government's role is in promoting the appropriate level of investment in security in a free market economy. I believe that an industry's ability to pay for such protection is an important factor but have also relied heavily on the economic literature regarding the theoretical circumstances in which a private actor will willingly contribute to the provision of a public good. Unfortunately, the literature is ambiguous in its prediction regarding this subject. Moreover, in the real world additional factors impact the motivations of private sector actors. In the United States especially, the legal system whose free market manifestation appears in the insurance industry can have a significant impact on private sector decisions. Ultimately, this study will rely on the testimony of the practitioners themselves to develop a grounded theory for the motivations and obstacles to the voluntary implementation of terrorism protection in the hope that the findings will serve as a useful guide to policy makers seeking to protect the populace from this 21 st century threat.
Keywords
terrorism
Rights
© The Author(s). Kelvin Smith Library provides access for non-commercial, personal, or research use only. All other use, including but not limited to commercial or scholarly reproductions, redistribution, publication or transmission, whether by electronic means or otherwise, without prior written permission is strictly prohibited.
Department/Center
Design & Innovation
Recommended Citation
Hayes, James K., "The Private Provision of Public Goods: Terrorism Protection in the Critical Infrastructure Industries" (2006). Student Scholarship. 475.
https://commons.case.edu/studentworks/475