The Law and Economics of International Cooperation Against Maritime Piracy
Paul Hallwood; Thomas J. Miceli;
Subject: International law, law enforcement, maritime piracy
jel: jel:K33 | jel:K14
Article 100 of the U.N. Convention on the Law of the Sea requires signatories to “cooperate” against maritime piracy, but “cooperate” is undefined. Enforcement is a public good – creating uncompensated benefits for others, so suffering from free-rider problems. Our anal... View more
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