Edited by Harry W. Richardson, Jiyoung Park, James E. Moore II and Qisheng Pan
The application of standard economic impact models to the study of hypothetical terrorist attacks is not as straightforward as might be expected. The models are more powerful and user-friendly than ever. However, they are based on multipliers in search of appropriate multiplicands. Supplying the latter requires analysts to create plausible and detailed scenarios that can be fitted to the models. This is the nature of the research reported here. The purpose of this chapter is two-fold. First, we suggest an analytical framework to study the full economic impacts of hypothetical bioterrorist attacks on targets. In particular, we emphasize the importance of estimating economic impacts that occur through systems and behavior linkages beyond direct losses. Second, we provide a case study that analyses the economic impacts of a hypothetical bioterrorist attack on a major league sports stadium. Any large sports stadium is an attractive target for (bio)terrorist attacks because it is a place of mass public gatherings on a predictable basis, often with minimal security controls (Australian Government Attorney-General’s Department, 2006).
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