The effect of terrorism on global oil prices has been largely explained through demand-side effects. We develop a model to include important supply-side imperfections to re-examine the effect of terrorism on the price of global oil stocks. Our model finds that if two criteria are met, conflict...

Heroism is a valued part of any society, yet its realization depends on the decisions of individual actors and a public reward to individuals who undertake heroic actions. Military combat related activities provide a useful starting point for thinking about the empirical nature of heroism....

Recent reports from Iraq paint a mixed picture of a country taking steps toward selfgovernance and economic recovery as well as one experiencing waves of violent internecine conflict. In this paper, we analyze weekly price data for 255 goods from the eighteen Iraqi governorates over the years...