We develop a theory of interstate conflict in which the degree of genealogical relatedness between populations has a … positive effect on their conflict propensities because more closely related populations, on average, tend to interact more and … that affect conflict, including measures of trade and democracy. …

on the technologies of conflict within each battlefield and the nature of economies or diseconomies in how battlefield … out-comes and costs aggregate in determining payoffs in the overall conflict. -- conflict, contest ; battlefield ; Colonel …

only the material, economic welfare costs of conflict stemming from the altered path of consumption resulting from conflict …-peaceful world. But how much would individual be willing to pay to avoid just the economic costs of conflict? Remarkably, even these … pure economic welfare losses from conflict are quite large. I find that, on average, individuals who live in a country that …

We construct a trade-theoretic model for three open economies two of which are in conflict with each other and the …

While broad economic sanctions have long been used as instruments of foreign policy, targeted sanctions focusing on … under sanctions where the target government may be incentivized to “shield” some firms from the full brunt of sanctions …. Then, using detailed firm and individual-level data, this paper empirically estimates the impact of targeted sanctions …

the financial market response to news decreases with the preceding dispersion in expectations about the indicator value …

the financial market response to news decreases with the preceding dispersion in expectations about the indicator value …

Macroeconomic news announcements are elaborate and multi-dimensional. We consider a framework in which jumps in asset … prices around macroeconomic news and monetary policy announcements reflect both the response to observed surprises in … headline numbers and latent factors, reflecting other details of the release. The details of the non-headline news, for which …