We demonstrate that the incidence of piracy in a particular location is associated with higher catch volumes from high-bycatch and habitat-destroying fishing, even when controlling for conditions in proximate coastal areas. We conduct a geographically disaggregated analysis using geo-referenced data of piracy and its covariates between 20. These investigations neglect piracy in international waters and ignore its spatial dependence, whereby pirate attacks cluster in certain locations due to neighborhood and spillover effects.
Previous investigations have generally focused on cross-national determinants of the incidence of piracy in territorial waters. We argue that fishers turn to piracy to smooth expected income losses and to deter illegal foreign fishing fleets. Maritime piracy constitutes a major threat to global shipping and international trade.
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