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dependence upon primary commodity exports and a large diaspora substantially increase the risk of conflict. Inconsistent with the … grievance theory, greater ethnic and religious diversity reduce the risk of conflict. The results are robust to correction for …
Persistent link: https://www.econbiz.de/10005407738
advantage in the conflict or that the joint production process exhibits increasing returns. Nor is there any presumption that …, the formation of alliances tends to reduce the severity of the conflict over the contestable resource. Furthermore …, despite the internal conflict that arises among the winning alliance’s members over the distribution of their joint product …
Persistent link: https://www.econbiz.de/10005126004
The article aims at suggesting possible conjectures on Al-Qaeda's logic and structure. Even if the organization's secrecy makes any empirical evidence difficult to find, some insight can be provided by economic theory of contests: in this terms, Al-Qaeda can be acknowledged like an agent...
Persistent link: https://www.econbiz.de/10005408420
This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents … conflict in order to appropriate a positive fraction of a stake. An institutional constraint is modelled through an exogenously … conflicting agents are willing to commit themselves to ease the conflict joining an institutional setting they do not ‘disarm …
Persistent link: https://www.econbiz.de/10005408438
The purpose of this paper is to explore the determinants of economic well-being. We provide a methodology to compute well-being by aggregating different socio-economic dimensions with factor analysis technique. We also estimate quality of good governance (using latent variable approach) and a...
Persistent link: https://www.econbiz.de/10005556056
differential level of development performance across states in India during the last two decades. …
Persistent link: https://www.econbiz.de/10005556115
and the virtual economy theory. The former relates to the lack of access to bank credit and cash and the rise of non …
Persistent link: https://www.econbiz.de/10005407675
Persistent link: https://www.econbiz.de/10005076692
The “neoclassical synthesis” sticky price model exhibits strange behavior when augmented with markets for durable goods with flexible prices. While in the data the output of durable goods responds strongly and positively to a loosening of monetary policy, in dynamic general equilibrium...
Persistent link: https://www.econbiz.de/10005076698
What is the optimum quantity of money in a society? This paper answers this question both from the perspective of a utility maximizing model with real balances in the utility function, and employing an inventory theoretic model which focuses attention on the costs of transacting in different...
Persistent link: https://www.econbiz.de/10005076699