nothing if it loses. We study a model of war with such an asymmetric payoff structure, and private information about military … win the war unless its expected military technology is considerably worse. Our model may thus explain why defending …

This paper presents a general equilibrium model of conflict based on a world populated by representative democracies … international conflict. In this paper, we investigate whether this motive is sufficiently important for war to persist in … Immanuel Kant (1795, 1991) always exists. The reason is that in the absence of the threat of war, leaders are unable to divert …

of terrorism, as well as internal and external conflict is equivalent to as much as a 30 percent tariff on trade. This is …

surveyed and put in perspective. As economic consequences are only a part of the overall costs of terrorism, possible …

How does electoral accountability affect the effectiveness of terrorism prevention in a democ- racy? We analyze the … connection between electoral accountability and policy effectiveness in the context of terrorism prevention. We develop a formal … objective of terrorism prevention and have symmetric information. We show that electoral pressures to be successful in terrorism …

Current literature shows a significant negative impact of terrorism on countries economies. We explore this … relationship in more detail. Using an unbalanced panel of over 160 countries for up to 25 years and the Global Terrorism Database … (GTD) we show a decrease in FDI as a consequence of terrorism. We also find evidence that FDI flows are more sensitive to …

This contribution investigates the role of education in domestic terrorism for 133 countries between 1984 and 2007. The … findings point at a nontrivial effect of education on terrorism. Lower education (primary education) tends to promote terrorism … education (university education) reduces terrorism in a cluster of countries where conditions are more favorable. This suggests …

This contribution examines the role of capitalism in anti-American terrorism. Using data for 149 countries between 1970 …-American terrorism increases with external economic liberalization or decreases with higher levels of economic openness. However …, consistent with economic norms theory, higher levels of market-capitalism are associated with less anti-American terrorism …