The Law and Economics of Cybersecurity

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Mark F. Grady (University of California, Los Angeles) Francesco Parisi (George Mason University, Virginia)

The Law and Economics of Cybersecurity

Mark F. Grady (University of California, Los Angeles), Francesco Parisi (George Mason University, Virginia)

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English

Cambridge University Press
18 August 2011

E-commerce law; IT & Communications law; Legal aspects of computing; Computer security

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.

Edited by: Mark F. Grady (University of California Los Angeles), Francesco Parisi (George Mason University, Virginia)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Dimensions: Height: 229mm, Width: 152mm, Spine: 18mm
Weight: 470g
ISBN: 9781107403109
ISBN 10: 1107403103
Pages: 320
Publication Date: 18 August 2011
Audience: College/higher education , Further / Higher Education
Format: Paperback
Publisher's Status: Active

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.