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nothing if it loses. We study a model of war with such an asymmetric payoff structure, and private information about military … win the war unless its expected military technology is considerably worse. Our model may thus explain why defending …
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income. We explain this process of democratization as a rational way for incumbent elites to wage war effectively on other …
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standalone effects. In this study, we focus on the case of the Iranian Revolution of 1979 and the subsequent Iran-Iraq war from … 1980 to 1988. We use the synthetic control method to study the effect of revolution and war on changes in income inequality … levels. Had there been no revolution and war in Iran, how would income inequality have developed? Utilizing the synthetic …
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The popularity of sustainable investments is unbroken and attracts investors and researchers alike. Modelling the properties of such 'green' firms, Pástor, Stambaugh, and Taylor 2021 consider a hedge against climate risks in their theoretical model. Likewise, it could be assumed that companies...
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