Since the annexation of Crimea in 2014, Russia has been under an EU sanctions regime. While these sanctions have not prevented Putin from ordering an invasion of Ukraine in February 2022, in the overall picture, they have significantly weakened Russia's ability to wage war. This paper...

Foreign aid donors and recipient governments often have conflicting objectives. Foreign donors may attempt to influence the policies of recipient governments by offering aid or threatening to suspend aid to sovereign states. This paper considers the credibility of such inducements and the...

Not only corporate but also sovereign debtors, in particular developing countries, may get into financial difficulties. Contrary to corporate issuers, they decide themselves if they continue to fulfill their debt obligations or convert their debt. I analyze the value of a default-risky sovereign...

Child labor is a persistent phenomenon in many developing countries. In recent years, support has been growing among rich-country governments and consumer groups for the use of trade policies, such as product boycotts and the imposition of international labor standards, to reduce child labor in...

How does the environment of an organization influence whether workers voluntarily provide effort? We study the power relationship between a non-profit unit (e.g. university department, NGO, health trust), where workers care about the result of their work, and a bu- reaucrat, who supplies some...

Within immigrant society different groups wish to help the migrants in different ways - immigrant societies are multi-layered and multi-dimensional. We examine the situation where there exists a foundation that has resources and that wishes to help the migrants. To do so they need migrant groups...

Within immigrant society different groups wish to help the migrants in different ways - immigrant societies are multi-layered and multi-dimensional. We examine the situation where there exists a foundation that has resources and that wishes to help the migrants. To do so they need migrant groups...

How does the environment of an organization influence whether workers voluntarily provide effort? We study the power relationship between a non-profit unit (e.g. university department, NGO, health trust), where workers care about the result of their work, and a bureaucrat, who supplies some...