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underprovision, raise overall counterterrorism, and reduce terrorism. Welfare decreases in the politically influenced country but … increases in the other targeted country owing to enhanced free riding. Lobbying influence on the targeted countries’ welfare is … tied to terrorists’ targeting preferences and how the lobbied government weighs citizens’ welfare. For key parametric …
Persistent link: https://www.econbiz.de/10013295262
This paper investigates the interplay of trade and terrorism externalities under free trade between a developed nation that exports a manufactured good to and imports a primary product from a developing nation. A terrorist organization targets both nations and reduces its attacks in response to...
Persistent link: https://www.econbiz.de/10011691593
This paper takes a unique approach to the scenario where a resident terrorist group in a (fragile) developing nation poses a terrorism threat at home and abroad. The host developing nation’s proactive countermeasures against the resident terrorist group not only limits terrorism at home and...
Persistent link: https://www.econbiz.de/10014095743
We study the effect of leadership in an experimental threshold public "bad" game, where we manipulate both the relative returns of two investments (the more productive of which causes a negative externality) and the extent to which the gains from leadership diffuse to the group. The game...
Persistent link: https://www.econbiz.de/10010493038
Persistent link: https://www.econbiz.de/10013166983
In the present paper we use the output of multiple expert elicitation surveys on the future cost of key low-carbon technologies and use it as input of three Integrated Assessment models, GCAM, MARKAL_US and WITCH. By means of a large set of simulations we aim to assess the implications of these...
Persistent link: https://www.econbiz.de/10011438620
increasing the rental of capital relative to the wage, and has an ambiguous effect on welfare. At initial high levels of labor … share in total costs tighter credit lowers welfare. This pattern reverses during an expansionary phase caused by higher …
Persistent link: https://www.econbiz.de/10011539874
Persistent link: https://www.econbiz.de/10011539881
reduction in current consumption that produces a loss in social welfare equivalent to that caused by the emission of a ton of CO …2. The standard approach is to calculate the SCC using a discounted-utilitarian social welfare function (SWF)-one that … welfare economics, but has been, thus far, little used in climate scholarship. The core idea is to give greater weight to well …
Persistent link: https://www.econbiz.de/10011547506
We address the problem of choosing a portfolio of policies under "deep uncertainty." We introduce the idea of belief dominance as a way to derive a set of non-dominated portfolios and robust individual alternatives. Our approach departs from the tradition of providing a single recommended...
Persistent link: https://www.econbiz.de/10011504367