We address the pitfalls of averaging by exploiting the longitudinal variation in aid to identify sudden and sharp increases in aid flows. Focusing on specific events, we test if aid accelerations correspond to policies and shocks in the recipient country. For a large sample of 145 recipient...

A multi-stage model on the course of war is presented: Individual battles are modeled as private value all-pay auctions with asymmetric combatants of two opposing teams. These auctions are placed within a multi-stage framework with a tug-of-war structure. Such framing provides a microfounded...

This paper studies the association between the current account and real estate valuation across countries, subject to data availability [43 countries, of which 25 are OECD], during 1990 - 2005. We find robust and strong positive association between current account deficits and the appreciation...

It is commonplace to argue speed as the deflning element in modern day warfare. Whether one looks to the manuals and concepts of the US military or to critical thinkers like Virilio the analvsis is the same. Speed and time, not mass and space, are the essentials of warfare. This is the case in...

The paper assesses the general trend towards privatisation, in the developed as well as the developing world, where even “high politics” is increasingly performed by, or outsourced to, non-state actors. This is both the case for foreign and security politics, including war, where the use by...