This is an interesting post. I have tried in the past to make analogies to the Israel/arab situation, but there are no parallels I can think of. Even the examples that you gave (which are very good) don't quite represent the situation accurately. Let me see if I can explain what I mean...
A mugger offers you "wallet for peace", meaning that if you give him your wallet he will leave you alone. The reason that this scenario is not exactly like "land for peace", is that because if you were to give the mugger your wallet, chances are that he would leave you alone in peace. "Land for peace" actually means "land for no peace". If the arabs had ever shown the least bit of sincerity in their desire for land for peace, Israel would have given them lots of land (which I would have been opposed to by the way).
The mugger and the bank robber actually do want just the money. The bank robber isn't driven by the desire to push all of the bankers into the sea. Arabs don't want land only. They want all of the Jews gone from Israel and eventually from the entire planet. They want Jews murdered, preferably in gruesome ways. They are savage people.
So while I agree that the idea of land for peace seems like pure extortion, it is in fact much worse than that. Land for peace is a trick to weaken the Jewish state to the point when the arabs can wage total war on what's left of Israel, for the purpose of annihilating the Jews.