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(Trade) War and Peace : How to Impose International Trade Sanctions
de Souza, Gustavo Henrique Bianco; Li, Haishi; Mei, Yuan; … - 2023
Trade sanctions are a common instrument of diplomatic retaliation. To guide current and future policy, we ask: What is the most cost-efficient way to impose trade sanctions against Russia? We build a quantitative model of international trade with input-output connections. Sanctioning countries...
Persistent link: https://www.econbiz.de/10014348044
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Thegeneralized Stackelberg equilibrium of the all-pay auction with complete information
Konrad, Kai A.; Leininger, Wolfgang - 2005
We characterize the equilibrium of the all-pay auction with general convex cost of effort and sequential effort choices. We consider a set of n players who are arbitrarily partitioned into a group of players who choose their efforts ?early? and a group of players who choose ?late?. Only the...
Persistent link: https://www.econbiz.de/10010261378
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Charity auctions for the happy few
Bos, Olivier - 2008
Recent literature has shown that all-pay auctions raise more money for charity than winner-pay auctions. We demonstrate that the first and second-price winner-pay auctions generate higher revenue than first-price all-pay auctions when bidders are sufficiently asymmetric. To prove it, we consider...
Persistent link: https://www.econbiz.de/10010264437
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Approximate Expected Utility Rationalization
Echenique, Federico - 2019
deviation (in beliefs, utility, or perceived prices) is within e of expected utility theory. The number e can then be used as a … distance to the theory. We apply our methodology to three recent large-scale experiments. Many subjects in those experiments …
Persistent link: https://www.econbiz.de/10012892237
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On the Causes and Consequences of Deviations from Rational Behavior
Zegners, Dainis - 2020
This paper presents novel evidence for the prevalence of deviations from rational behavior in human decision making – and for the corresponding causes and consequences. The analysis is based on move-by-move data from chess tournaments and an identification strategy that compares behavior of...
Persistent link: https://www.econbiz.de/10012831655
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Immediate demand reduction in simultaneous ascending bid auctions
Riedel, Frank; Wolfstetter, Elmar - 2004
The present note analyzes the Simultaneous Ascending Bid Auction with arbitrarily many bidders with decreasing marginal valuations under complete information. We show that the game is solvable by iterated elimination of weakly dominated strategies if the efficient allocation assigns at least one...
Persistent link: https://www.econbiz.de/10010261069
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War and relatedness
Spolaore, Enrico; Wacziarg, Romain - 2009
We develop a theory of interstate conflict in which the degree of genealogical relatedness between populations has a … to go to war with each other, even after controlling for a wide set of measures of geographic distance and other factors …
Persistent link: https://www.econbiz.de/10010266016
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Mining for Peace
Hodler, Roland; Schaudt, Paul; Vesperoni, Alberto - 2023
The energy transition increases the demand for minerals from ethnically diverse, conflict-prone developing countries. We study whether and where mining is possible in such countries without raising the risk of civil conflict. We proceed in three steps: First, we propose a theoretical model to...
Persistent link: https://www.econbiz.de/10014262694
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National borders, conflict and peace
Spolaore, Enrico - 2009
This paper reviews the economics approach to conflict and national borders. The paper (a) provides a summary of ideas and concepts from the economics literature on the size of nations; (b) illustrates them within a simple analytical framework where populations fight over borders and resources,...
Persistent link: https://www.econbiz.de/10010276759
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The Effect of Islamic Revolution and War on Income Inequality in Iran
Farzanegan, Mohammad Reza; Kadivar, Mohammad Ali - 2021
standalone effects. In this study, we focus on the case of the Iranian Revolution of 1979 and the subsequent Iran-Iraq war from … 1980 to 1988. We use the synthetic control method to study the effect of revolution and war on changes in income inequality … levels. Had there been no revolution and war in Iran, how would income inequality have developed? Utilizing the synthetic …
Persistent link: https://www.econbiz.de/10013312860