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EBOOK
Author Shortland, Anja,
Title Kidnap : inside the ransom business / Anja Shortland.
Imprint Oxford : Oxford University Press, 2019.

LOCATION CALL # STATUS MESSAGE
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LOCATION CALL # STATUS MESSAGE
 OHIOLINK OXFORD EBOOKS    ONLINE  
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Author Shortland, Anja,
Subject Ransom.
Kidnapping.
Description 1 online resource (xiv, 249 pages) : illustrations, maps
Note Online resource; title from PDF title page (EBSCO, viewed February 1, 2019).
Bibliography Note Includes bibliographical references and index.
Contents Cover; Kidnap: Inside the Ransom Business; Copyright; Dedication; Acknowledgements; Contents; List of Figures; Endorsements; 1: Kidnap for Ransom as a Business; The Trickiest Trade in the World; The Puzzling Kidnap for Ransom Business; Private Governance; The Puzzle of Transnational Kidnap Resolutions; Kidnap for Ransom Insurance; Governance at the Legal/Extra-legal Boundary; Roadmap; Part I: Why People are Kidnapped for Ransom; 2: Understanding Patterns of Kidnapping; Protection Theory and Kidnapping; Protection Theory; Protection Theory and State Formation; Protection Theory and the Mafia
Mafias, States, and Proto-statesInformal Protectors in Kidnap for Ransom; Why Is Mafia Rule Violent?; When Do Protectors Kidnap?; Kidnapping Indicates Disequilibrium in the Market for Protection; 3: The Protector's Choice; Kidnapping Outsiders; Governance Without Government; The Protector's Reward; The Cost of Protecting Piracy; A Rational Choice; The Protector's Choice and Kidnap Insurance; Part II: Making Kidnapping Insurable; 4: What is Kidnap for Ransom Insurance?; Buying Kidnap for Ransom Insurance; Kidnap Insurance Without Governance Does Not Work; Governing Kidnap for Ransom
Who Provides Kidnap for Ransom Cover?Addressing Adverse Selection; Addressing Moral Hazard to Prevent Kidnaps; Addressing Moral Hazard on Ransom Amounts; Ordering the Exchange; A Market for Private Governance; A Complex Private Governance Architecture; 5: Crafting an Effective Protection Contract; Contracting at the Legal/Extra-legal Interface; Outsourcing Protection as an Economic Decision; Option 1: Direct Outsourcing of Protection; Option 2: The Coase-Williamson Solutions; Option 3: 'Reputable' Providers; Option 4: Wholesale Outsourcing; Option 5: Private Military Security
Option 6: Corporate Social ResponsibilityOption 7: Paying Ransoms; Choosing from a Menu of Options; 6: The Price of a Life; The Importance of Ransom Discipline; Price Formation in an Anarchic Bargaining Situation; Prove That You Have a Live Hostage!; Who is Negotiating?; Setting Up; The Bidding Starts; Negotiations and Signalling Theory; 'There is a Pace, a Rhythm to These Things'; Principal-Agent Dynamics?; Finalizing the Deal; The Right Price Returns the Hostage and Stabilizes the Market; 7: The Case of the CEC Future; Listening in on a Pirate Negotiation; Somali Piracy
The CEC Future hijackThe Parties' Aims and Objectives; On and off the Curve; To Care or not to Care?; Stalemate; The Unexpected Breakthrough; Principals and Agents Again; The Deal; Lessons About Hostage Negotiations; 8: Trading with Kidnappers; The Final Hurdle; The Hostage Exchange as a Relational Contract; Contemporaneous Exchanges; The Dead Drop; Middlemen; The Double Cross?; The Release; The Importance of Market Concentration; 9: Governing Kidnap for Ransom; Private Polycentric Governance; Financial Incentives; Peer Monitoring; Club Governance at Lloyd's of London; The Ransom Externality
Summary Ransom is a lucrative but very tricky business. Based on in-depth interviews with experts, this book provides an economic analysis of how the trade in hostages works, and uncovers an intricate and powerful private governance system ordering transactions between the legal and the criminal economies.
ISBN 9780192547507 (electronic bk.)
019254750X (electronic bk.)
9780191853159 (electronic book)
0191853151 (electronic book)
0198815476
9780198815471
OCLC # 1083522765
Additional Format Print version : 9780198815471.



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