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The Law and Economics of Cybersecurity

Edited by: Mark F. Grady, Francesco Parisi

ISBN13: 9781107403109
Published: August 2011
Publisher: Cambridge University Press
Country of Publication: UK
Format: Paperback (Hardback 2006)
Price: £43.99
Hardback edition , ISBN13 9780521855273

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Cybersecurity is a leading national problem for which the market may fail to produce a solution. The ultimate source of the problem is that computer owners lack adequate incentives to invest in security because they bear fully the costs of their security precautions but share the benefits with their network partners. In a world of positive transaction costs, individuals often select less than optimal security levels. The problem is compounded because the insecure networks extend far beyond the regulatory jurisdiction of any one nation or even coalition of nations. Originally published in 2006, this book brings together the views of leading law and economics scholars on the nature of the cybersecurity problem and possible solutions to it. Many of these solutions are market based, but they need some help, either from government or industry groups, or both. Indeed, the cybersecurity problem prefigures a host of twenty-first-century problems created by information technology and the globalization of markets.

IT and Internet Law
Part I. Problems
1. Private versus social incentives in cybersecurity, law and economics Bruce K. Kobayashi
2. A model for when disclosure helps security: what is different about computer and network security? Peter Swire
3. Peer production of survivable critical infrastructures Yochai Benkler
4. Cyber security: of heterogeneity and autarchy Randal C. Picker
5. Network responses to network threats: the evolution into private cybersecurity associations Amitai Aviram
6. The dark side of private ordering for cybersecurity Neal K. Katyal
7. Holding Internet Service Providers accountable Doug Lichtman and Eric P. Posner
8. Global cyberterrorism, jurisdiction, and international organization Joel T. Trachtman.