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An Economic Analysis of Security Policies

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dc.creator Brück, Tilman
dc.date 2004
dc.date.accessioned 2013-10-16T06:59:27Z
dc.date.available 2013-10-16T06:59:27Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18308
dc.identifier ppn:47242954X
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18308
dc.description This paper analyses public policy choices in the security economy from an economic perspective. It discusses the role of public goods for national and global security and identifies the importance of the first- and second-order indirect effects of insecurity on economic activity, which include the behavioural responses of agents and the government to security measures, akin to such effects in insurance economics. Furthermore, key public policy trade-offs are outlined, in particular between security and efficiency, globalisation, equity and freedom. The analysis identifies suitable policy options for raising security in the national and international contexts and in view of these trade-offs. A suitable balance between market and non-market instruments in achieving security should be aimed for to minimise the adverse effects of aiming for higher security. In addition, the public good nature of security implies that international coordination of security policies is important, despite this process being itself fraught with enforcement problems.
dc.language eng
dc.publisher Deutsches Institut für Wirtschaftsforschung (DIW) Berlin
dc.relation DIW-Diskussionspapiere 456
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject H40
dc.subject K40
dc.subject D74
dc.subject ddc:330
dc.subject collective goods
dc.subject public policy
dc.subject regulation
dc.subject risk
dc.subject security
dc.subject terrorism
dc.title An Economic Analysis of Security Policies
dc.type doc-type:workingPaper


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