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Trade, Insecurity, and the Costs of Conflict
Garfinkel, Michelle R.; Skaperdas, Stergios; … - 2022
Typically, economics assumes that property rights over productive resources or goods are perfectly defined and costlessly enforced. The costs of insecurity and the resultant conflict are, however, real and often economically significant. In this paper, we examine how international trade regimes...
Persistent link: https://www.econbiz.de/10013470292
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International Trade and Stable Resolutions of Resource Disputes
Garfinkel, Michelle R.; Syropoulos, Constantinos - 2022
We consider a dynamic setting in which two sovereign states with overlapping ownership claims on a resource/asset first arm and then choose whether to resolve their dispute violently through war or peacefully through settlement. Both approaches depend on the states' military capacities, but...
Persistent link: https://www.econbiz.de/10013470299
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International Trade and Stable Resolutions of Resource Disputes
Garfinkel, Michelle R.; Syropoulos, Constantinos - 2022
We consider a dynamic setting in which two sovereign states with overlapping ownership claims on a resource/asset first arm and then choose whether to resolve their dispute violently through war or peacefully through settlement. Both approaches depend on the states’ military capacities, but...
Persistent link: https://www.econbiz.de/10014243081
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Trade, Insecurity, and the Costs of Conflict
Garfinkel, Michelle R.; Skaperdas, Stergios; … - 2022
Typically, economics assumes that property rights over productive resources or goods are perfectly defined and costlessly enforced. The costs of insecurity and the resultant conflict are, however, real and often economically significant. In this paper, we examine how international trade regimes...
Persistent link: https://www.econbiz.de/10014243087
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Disorganization and Financial Collapse
Marin, Dalia; Schnitzer, Monika - 2000
alleviate the hold-up problem. We argue further that barter creates a hostage which allows to deal with disorganization when …, inter-firms arrears and barter in transition economies are connected. Based on a survey of 165 barter deals in the Ukraine … shortage the financial shortage and barter have each an important effect on output growth. …
Persistent link: https://www.econbiz.de/10010314859
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Barter, Liquidity and Market Segmentation
Prendergast, Canice; Stole, Lars - 2001
This paper explores the private and social benefits from barter exchange in a monetized economy. We first prove a no …
Persistent link: https://www.econbiz.de/10010315214
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Bargaining with Two-Person-Groups - On the Insignificance of the Patient Partner
Kirchkamp, Oliver; Vollstädt, Ulrike - 2013
Although many real bargaining situations involve more than two people, much of the theoretical and experimental research concentrates on the two player situation. We study the simplest possible extension: four people (two two-person groups) of different patience bargain with each other....
Persistent link: https://www.econbiz.de/10010292499
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Matching on Bipartite Graphs
Gersbach, Hans; Haller, Hans - 2015
We study stable matchings on exogenously given or endogenously formed bipartite graphs that reflect constraints on matching. The effects of a change of the exogenously given graph (constraints) are investigated. Specifically, we examine to what extent individuals gain or lose from relaxing...
Persistent link: https://www.econbiz.de/10011388247
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Is Marriage as Good as a Contract?
Cigno, Alessandro - 2013
Neither marriage nor a legally enforceable contract serves any useful purpose if the parties have access to a perfect credit market. In the presence of credit rationing, efficiency and utility equalization are guaranteed only by a legally enforceable contract. Separate-property marriage may...
Persistent link: https://www.econbiz.de/10010328730
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The Roommate Problem - Is More Stable Than You Think
Chiappori, Pierre-André; Galichon, Alfred; Salanié, … - 2014
Stable matchings may fail to exist in the roommate matching problem, both when utility is transferable and when it is not. We show that when utility is transferable, the existence of a stable matching is restored when there is an even number of individuals of indistinguishable characteristics...
Persistent link: https://www.econbiz.de/10010333453