A Business That Can't Lose: Investing in Attacks against the Colombian Power Grid

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dc.contributor.authorBarreto, C.
dc.contributor.authorCardenas, A. A.
dc.contributor.authorHolmes, Jennifer
dc.contributor.authorPalao, Augustin
dc.contributor.authorRestrepo, J. C.
dc.contributor.utdAuthorHolmes, Jennifer
dc.contributor.utdAuthorPalao, Augustin
dc.date.accessioned2020-03-06T23:03:48Z
dc.date.available2020-03-06T23:03:48Z
dc.date.issued2019-05-31
dc.descriptionDue to copyright restrictions and/or publisher's policy full text access from Treasures at UT Dallas is limited to current UTD affiliates (use the provided Link to Article).
dc.descriptionSupplementary material is available on publisher's website.
dc.description.abstractIn 2005 a company in charge of repairing electric transmission towers made a deal with guerrilla militants to demolish the towers. This company thrived, because the attacks were attributed to guerrilla groups, who commit these attacks often. However, the number of attacks increased significantly, raising alarms and leading to the discovery of the plot. We model this situation as a game between contractors and the power transmission company, and show how misaligned incentives enabled contractors to profit by colluding with guerrilla groups. We also analyze how to modify the contractual policies reducing the incentives to collude with guerrillas. In particular, the transmission company can prevent attacks by creating competition and exploiting market inefficiencies. ©2019 Elsevier B.V.
dc.description.departmentSchool of Economic, Political and Policy Sciences
dc.description.sponsorshipNSF CMMI 1541199 and NSF CMMI 1925524
dc.identifier.bibliographicCitationBarreto, C., A. A. Cardenas, J. Holmes, A. Palao, et al. 2019. "A business that can't lose: Investing in attacks against the Colombian power grid." International Journal of Critical Infrastructure Protection 26: art. 100303, doi: 10.1016/j.ijcip.2019.05.006
dc.identifier.issn1874-5482
dc.identifier.urihttp://dx.doi.org/10.1016/j.ijcip.2019.05.006
dc.identifier.urihttps://hdl.handle.net/10735.1/7368
dc.identifier.volume26
dc.language.isoen
dc.publisherElsevier B.V.
dc.rights©2019 Elsevier B.V.
dc.source.journalInternational Journal of Critical Infrastructure Protection
dc.subjectContracts
dc.subjectEconomics
dc.subjectGame theory
dc.subjectElectric power systems
dc.subjectElectric lines--Security systems
dc.subjectContractors
dc.subjectElectric power transmission
dc.subjectMachine design
dc.subjectColombians
dc.titleA Business That Can't Lose: Investing in Attacks against the Colombian Power Grid
dc.type.genrearticle

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