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The paper considers the response of a small, open dependent economy to a variety of fiscal and financial shocks. It also examines the influence of alternative budget-balancing rules on the response of the economy to external shocks, such as a change in the world interest rate. The approach...
Persistent link: https://www.econbiz.de/10005498001
This paper studies the relationship between political conflict and economic growth in a simple model of endogenous …
Persistent link: https://www.econbiz.de/10005281292
German war crimes during the occupation between 1941 and 1944. During months of open conflict between German and Greek … curtailed their purchases of German cars to a greater extent during conflict months than other parts of Greece. We conclude that … cultural aversion was a key determinant of purchasing behavior, and that memories of past conflict can affect economic choices …
Persistent link: https://www.econbiz.de/10011083633
We present a detailed, high-frequency dataset on the civil conflict in Colombia during the period 1988-2002. We briefly … pattern over time of conflict actions and intensity for all sides involved in the confrontation. We also describe the pattern …
Persistent link: https://www.econbiz.de/10005662139
This paper investigates the endogenous emergence of democracy and rule of law in an economy where heterogeneous individuals can get involved in predation activities. Decisions about public policies concern the extent of fiscal redistribution and property rights, whose costs depend on the extent...
Persistent link: https://www.econbiz.de/10005666567
We study equilibrium in a multistage race in which players compete in a sequence of simultaneous move component contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each component contest is an all-pay auction with complete...
Persistent link: https://www.econbiz.de/10005791548
is the possible result of a conflict between multinational firms and local or national governments. The Paper compares …
Persistent link: https://www.econbiz.de/10005791900
In this paper, we analyse the scope for conflict between national merger control agencies that assert jurisdictions … explicitly specified. We find that conflict in international merger control is less likely to occur when economic integration is … high. Hence, ‘globalization’ should alleviate rather than exacerbate conflict. In addition, we observe that conflict is …
Persistent link: https://www.econbiz.de/10005792501
We consider the properties of perfectly discriminating contests in which players' abilities are stochastic, but become common knowledge before efforts are expended. Players whose expected ability is lower than that of their rivals may still earn a positive expected payoff from participating in...
Persistent link: https://www.econbiz.de/10005124335
We develop a theory of interstate conflict in which the degree of genealogical relatedness between populations has a … positive effect on their conflict propensities because more closely related populations, on average, tend to interact more and … that affect conflict, including measures of trade and democracy. …
Persistent link: https://www.econbiz.de/10005061475