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We propose a model of cycles of distrust and conflict. Overlapping generations of agents from two groups sequentially … a sequence of bad actions originated. Assuming that both sides are not extremists, spirals of distrust and conflict get … this mechanism can be useful in interpreting cycles of ethnic conflict and international war, and how it also emerges in …
Persistent link: https://www.econbiz.de/10013103053
conflict when defense capability is fixed, but may allow for security and prosperity when defense capability is endogenous … of conflict and stagnation. We illustrate the model by analyzing the rise of civilization in Sumeria and Egypt, the first …
Persistent link: https://www.econbiz.de/10013009442
The paper provides an integrated analysis of globalization effects on the inflation-output tradeoff and monetary policy in the New-Keynesian framework. The prediction of the analysis is threefold. First, labor, goods, and capital mobility flatten the Phillips curve, the tradeoff between...
Persistent link: https://www.econbiz.de/10013233051
We present a theory of ethnic conflict in which coalitions formed along ethnic lines compete for the economy%u2019s … coalition can defect to the winners at low cost, and this rules out conflict as an equilibrium outcome. We derive a number of … implications of the model relating social, political, and economic indicators such as the incidence of conflict, the distance among …
Persistent link: https://www.econbiz.de/10013246674
This paper investigates whether poor employment prospects of potential insurgents help to fuel conflict. The paper … benefits are unobserved. In contrast, many other shocks in the conflict literature are persistent and unanticipated, thus also … estimates of the effect of harvest shocks on conflict intensity in Afghanistan, Iraq, and Pakistan using subnational variation …
Persistent link: https://www.econbiz.de/10012297223
<script type="text/javascript" src="https://cdnjs.cloudflare.com/ajax/libs/mathjax/2.7.1/MathJax.js?config=AM_HTMLorMML-full"></script>We study a flexible dynamic savings game in continuous time, where decision makers rotate in and out of power. These agents value spending more highly while in power creating a time-inconsistency problem. We provide a sharp characterization of Markov equilibria. Our analysis proceeds by...
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