Author(s):
Journal
Informa UK Limited
Abstract
This study introduces cybersecurity concepts in ways familiar to defense economists and identifies parallel methods of analysis in the fields. The theoretical tools of both fields include microeconomics and game theory. These tools enable analyses of phenomena present in both milieus: public goods, externalities, commons, incentives, interdependent security, platform economics, and inefficiency of decentralized decision making. Additional topics include cyber war, cyberterrorism, deterrence and disinformation in cyberspace, price of anarchy, and economics of cryptography.
Concluding remarks
Cybersecurity both determines a platform’s competitive environment and must meet economic criteria in addition to technical conditions.a cursory check of EconLit reveals the economics profession has yet to fully engage with cybersecurity even though it is fertile ground where critical issues are economic at their core and affect our daily lives. At the same time, the Workshop on the Economics of Information Security (WEIS) is into its third decade of existence. Moreover, Swire (Citation2018) estimates 70% of future jobs in cybersecurity will not involve coding. To borrow a phrase from Hardin (Citation1968), ‘there is no technical solution.’ Cybersecurity is an area ripe for defense economists to ply their trade.
Reference details
DOI
10.1080/10242694.2022.2138122
Resource type
Journal Article
Year of Publication
2023
ISSN Number
1024-2694
Publication Area
Cybersecurity and defense
Date Published
2022-11-04
How to cite this reference:
Arce, D. (2023). Cybersecurity For Defense Economists. Informa UK Limited. https://doi.org/10.1080/10242694.2022.2138122 (Original work published)