Konrad, Kai A.
The investment problem in terrorism.
In: Economica, Vol. 71, No. 283: pp. 449-459
Full text not available from 'Open Access LMU'.
Evidence from early terrorist groups reveals a structural equivalence between extortion and terrorism. This allows us to draw conclusions from the theory of extortion that can be applied to a theory of terrorism concerning the role of repeated play in the viability of extortion. It also enables us to analyse the role of commitment in destroying the extortionary organization. © The London School of Economics and Political Science 2004.