and II, which would seemingly increase uncertainty. In a seminal paper, Schwert (1989) identified the "war puzzle" as one …

security analysts. Our analysis also indicates that war and forcible regime change will yield large improvements in the …We consider three questions related to the choice between war in Iraq and a continuation of the pre-war containment … war more or less costly for the United States than containment? Second, compared to war and forcible regime change, would …

encompass the emergence of fully liberal political and social theory, and an early version of liberal political practice, in …

Although most disputes between groups of people are settled peacefully, sometimes disputes result in war. This lecture … have to contend, and on the permanence of the outcome of a potential war. The lecture also contrasts the possibilities for …

This paper measures the effects of the risk of war on nine U.S. financial variables using a heteroskedasticity …-based estimation technique. The results indicate that increases in the risk of war cause declines in Treasury yields and equity prices …, a widening of lower-grade corporate spreads, a fall in the dollar, and a rise in oil prices. This war risk factor …

powers, the government was able to fund the war by borrowing and levying taxes. In major wars, however, there came a point …

Why do wars occur? We exploit a natural experiment to test the longstanding hypothesis that leaders declare war because … they fail to internalize the associated costs. We test this moral hazard theory of conflict by compiling data on the 9 …: World War I, World War II, the Korean War, and the Vietnam War. We test for agency problems by comparing the voting behavior …