Header

UZH-Logo

Maintenance Infos

Calculating tragedy: Assessing the costs of terrorism


Frey, Bruno S; Luechinger, Simon; Stutzer, Alois (2007). Calculating tragedy: Assessing the costs of terrorism. Journal of Economic Surveys, 21(1):1-24.

Abstract

The trends and consequences of terrorist activities are often captured by counting the number of incidents and casualties. More recently, the effects of terrorist acts on various aspects of the economy have been analyzed. These costs are surveyed and put in perspective. As economic consequences are only a part of the overall costs of terrorism, possible approaches for estimating the utility losses of the people affected are discussed. Results using the life satisfaction approach, in which individual utility is approximated by self-reported subjective well-being, suggest that people’s utility losses may far exceed the purely economic consequences.

Abstract

The trends and consequences of terrorist activities are often captured by counting the number of incidents and casualties. More recently, the effects of terrorist acts on various aspects of the economy have been analyzed. These costs are surveyed and put in perspective. As economic consequences are only a part of the overall costs of terrorism, possible approaches for estimating the utility losses of the people affected are discussed. Results using the life satisfaction approach, in which individual utility is approximated by self-reported subjective well-being, suggest that people’s utility losses may far exceed the purely economic consequences.

Statistics

Citations

Dimensions.ai Metrics
117 citations in Web of Science®
133 citations in Scopus®
243 citations in Microsoft Academic
Google Scholar™

Altmetrics

Downloads

123 downloads since deposited on 10 Jun 2008
12 downloads since 12 months
Detailed statistics

Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Language:English
Date:February 2007
Deposited On:10 Jun 2008 08:57
Last Modified:18 Feb 2018 12:39
Publisher:Wiley-Blackwell
ISSN:0950-0804
Additional Information:The definitive version is available at www.blackwell-synergy.com
OA Status:Green
Publisher DOI:https://doi.org/10.1111/j.1467-6419.2007.00505.x

Download

Download PDF  'Calculating tragedy: Assessing the costs of terrorism'.
Preview
Content: Accepted Version
Filetype: PDF
Size: 1MB
View at publisher