Fighting Maritime Piracy: Three Lessons from Pompeius Magnus Volume 6 Jena Economic Research Papers 2012-05-03 2012 2007 2012-017 Piracy Somalia Public Choice Theory Piracy in international waters is on the rise again, in particular off the coast of Somalia. While the dynamic game between pirates, ship-owners, insurance firms and the military seems to have reached some kind of equilibrium, piracy risks generating significant negative externalities to third parties (e.g. in terms of environmental hazards and terrorism), justifying attempts to contain it. We argue that these attempts may benefit from a look back - through the analytical lens of public choice theory - to the most successful counter-piracy campaign ever undertaken, namely, the one led by the Roman general Gnaeus Pompeius Magnus (Pompey the Great) in 67 BC. jportal_jpjournal_00000016 2012-05-03T08:32:35.672Z 2012-05-03T08:32:02.300Z