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Maritime piracy constitutes a major threat to global shipping and international trade. We argue that fishers turn to piracy to smooth expected income losses and to deter illegal foreign fishing fleets. Previous investigations have generally focused on cross-national determinants of the incidence of piracy in territorial waters. 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. We conduct a geographi
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