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interaction between the scarcity of resources and the incentives for war in the presence of limited commitment is at the center of … our theory. We show that a key parameter determining the incentives for war is the elasticity of demand. Our first result … identifies a novel externality that can precipitate war: price-taking firms fail to internalize the impact of their extraction on …
Persistent link: https://www.econbiz.de/10012461975
Prior researchers have deployed the Vietnam-era draft lottery as an instrument to estimate causal effects of military … shortly after the war seem to have dissipated by 2000. While these are important outcomes to economists, by focusing on them …: household and family life. In the present study we use the same IV approach to model the causal impact of Vietnam- era military …
Persistent link: https://www.econbiz.de/10012461986
This paper uses the 2000 Census 1-in-6 sample to look at the long-term impact of Vietnam-era military service … point to a marked increase in schooling that appears to be attributable to the Vietnam-era GI Bill. The net wage effects …-term effect of Vietnam-era military service on health …
Persistent link: https://www.econbiz.de/10012465239
novel proxy for stress: risk of military induction during the Vietnam War … Vietnam may, in certain contexts, be an invalid instrument for education or marriage because it appears to have a direct … associations exist only for men who did not serve in the war, and are not present for women or men who did serve …
Persistent link: https://www.econbiz.de/10012455347
This study uses discontinuities in U.S. strategies employed during the Vietnam War to estimate their causal impacts. It …
Persistent link: https://www.econbiz.de/10012456283
Draft lottery number assignment during the Vietnam Era provides a natural experiment to examine the effects of military …
Persistent link: https://www.econbiz.de/10012460840
Do political connections affect firm dynamics, innovation, and creative destruction? We study Italian firms and their workers to answer this question. Our analysis uses a brand-new dataset, spanning the period from 1993 to 2014, where we merge: (i) firm-level balance sheet data; (ii) social...
Persistent link: https://www.econbiz.de/10012480788
We demonstrate that personal connections amongst politicians have a significant impact on the voting behavior of U.S. politicians. Networks based on alumni connections between politicians, as well as common seat locations on the chamber floor, are consistent predictors of voting behavior. For...
Persistent link: https://www.econbiz.de/10012462219
This paper explores the role of restrictions on the use of international reserves as economic sanctions. We develop a simple model of the strategic game between a sanctioning (creditor) country and a sanctioned (debtor) country. We show how the sanctioning country should impose restrictions...
Persistent link: https://www.econbiz.de/10013191083
and II, which would seemingly increase uncertainty. In a seminal paper, Schwert (1989) identified the "war puzzle" as one …
Persistent link: https://www.econbiz.de/10013172137