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WMD TerrorismScience and Policy Choices$
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Stephen M. Maurer

Print publication date: 2009

Print ISBN-13: 9780262012980

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262012980.001.0001

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Estimating the Economic Impacts of WMD Attacks

Estimating the Economic Impacts of WMD Attacks

(p.389) 14 Estimating the Economic Impacts of WMD Attacks
WMD Terrorism

Peter Gordon

Bumsoo Lee

James E. Moore II

Qisheng Pan

JiYoung Park

Harry W. Richardson

The MIT Press

This chapter reviews the growing social science and policy analysis literature that attempts to apply and extend existing economic analysis tools to terrorist attacks. The chapter is organized as follows. Section 14.1 discusses attempts to model the nationwide impact of terrorist attacks, most notably including attacks that lead to prolonged shutdowns of the U.S. border. Section 14.2 shows how spatial models can be used to trace losses at both the local level (e.g., greater Los Angeles) and across the fifty states (e.g., attacks on major seaports, theme parks). Section 14.3 addresses alternative approaches for making models more realistic. Section 14.4 reviews attempts to use other, mostly noneconomic disciplines to explore how cities would likely respond to attack and the policy prescriptions that these analyses imply.

Keywords:   economic analysis, terrorist attacks, social science, policy analysis, spatial models, cities

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