Economic Studies of Pirates and Privateers

A couple of PDFs of economic studies of pirates and privateers:

Peter Leeson’s An-arrgh-chy: The Law and Economics of Pirate Organization (PDF) “investigates the internal governance institutions of violent criminal enterprise by examining the law, economics, and organization of pirates.”

Alexander Tabarrok’s The Rise, Fall, and Rise Again of Privateers (PDF) looks at the system of privateers — where commercial ships would be given license by states to attack enemy ships — and analyzes why it rose and then declined only to rise again in the last few decades with the widespread use of private military firms such as Blackwater and Global Risk International.