An Economic Analysis Of The Somali Pirate Business Model

Summary

July 13, 2009: The article provides an in-depth economic analysis of piracy in Somalia, discussing costs, risks, and so forth of the attack, negotiations, and resolution and payoff. Mathematical formulas and lists of costs are provided, as well as a game that simulates the decisions a pirate leader has to make.

See Also

• Piracy

Source

Bibliography

1. Original article

Game and Story Use

• The discussion in this article is useful for detail-oriented campaigns where the PCs engage in any kind of regular criminal enterprise - not just piracy. Although it will obviously be the most useful for pirates…