TY - JOUR
T1 - Effective Counter-Terrorism
T2 - Rockets, Iron Dome, and the Israeli Housing Market
AU - Elster, Yael
AU - Zussman, Asaf
AU - Zussman, Noam
N1 - Publisher Copyright:
© 2019 by the Association for Public Policy Analysis and Management
PY - 2019/3/1
Y1 - 2019/3/1
N2 - How effective is counter-terrorism and what are the underlying mechanisms? Relying on a unique experiment and detailed micro data from Israel, we show that the deployment of the Iron Dome anti-rocket system mitigated the negative effect of rocket attacks on house prices and lowered the price premium associated with in-house shelters. Analysis of surveys and data on purchases of anti-anxiety drugs yields evidence consistent with a psychological mechanism: by reducing the negative effects on daily routine, subjective well-being, and psychological distress, Iron Dome lowered the disamenity associated with living under the shadow of the rocket threat.
AB - How effective is counter-terrorism and what are the underlying mechanisms? Relying on a unique experiment and detailed micro data from Israel, we show that the deployment of the Iron Dome anti-rocket system mitigated the negative effect of rocket attacks on house prices and lowered the price premium associated with in-house shelters. Analysis of surveys and data on purchases of anti-anxiety drugs yields evidence consistent with a psychological mechanism: by reducing the negative effects on daily routine, subjective well-being, and psychological distress, Iron Dome lowered the disamenity associated with living under the shadow of the rocket threat.
UR - http://www.scopus.com/inward/record.url?scp=85059911828&partnerID=8YFLogxK
U2 - 10.1002/pam.22114
DO - 10.1002/pam.22114
M3 - ???researchoutput.researchoutputtypes.contributiontojournal.article???
AN - SCOPUS:85059911828
SN - 0276-8739
VL - 38
SP - 308
EP - 337
JO - Journal of Policy Analysis and Management
JF - Journal of Policy Analysis and Management
IS - 2
ER -
