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Terrorism from within: an economic model of terrorism

Blomberg, S. Brock; Hess, Gregory D.; Weerapana, Akila - 2002

country to the economic circumstances facing that country. We briefly sketch out a theory, in the spirit of Tornell (1998 … resources is more abundant and terrorism is reduced. Our empirical results are consistent with the theory. We find that for …

Persistent link: https://www.econbiz.de/10010271984

Production sharing and regional integration

Arndt, Sven W. - 2002

Persistent link: https://www.econbiz.de/10010271989

For better or for worse? State-level marital formation and risk sharing

Chami, Ralph; Hess, Gregory D. - 2002

Why do some U.S. states have higher levels of marital formation than others? This paper introduces an economic model wherein a state's representative individual may choose to marry in order to diversity his or her idiosyncratic income risk. The paper demonstrates that such a diversification...

Persistent link: https://www.econbiz.de/10010271992

Fear of floating needn't imply fixed rates: feasible options for intermediate exchange rate regimes

Willett, Thomas D. - 2002

The criteria of the theory of optimum currency areas suggest that many (most?) countries are not good candidates for … setting monetary policy. It is argued that OCA theory provides the framework for determining the appropriate weights and …

Persistent link: https://www.econbiz.de/10010271993

The emergence of correlations in studies of global economic inter-dependence and contagion

Friedman, Eric J.; Johnson, Simon; Landsberg, A. S. - 2003

We construct a simple firm-based automata model for global economic inter-dependence of countries using modern notions of self-organized criticality and recently developed dynamical-renormalization-group methods (e.g., L. Pietronero et al., Phys. Rev. Lett., 72(11):1690 (1994); J. Hasty and K....

Persistent link: https://www.econbiz.de/10010271994

Cheap talk comparisons in multi-issue bargaining

Chakraborty, Archishman; Harbaugh, Richmond - 2002

Bargaining over two issues as a bundle permits credible cheap talk about their relative importance even when interests are directly opposed on each issue. The resulting communication gains can exceed the gains from bundling previously identified in the monopoly pricing literature.

Persistent link: https://www.econbiz.de/10010272000

Trade protectionism

Kaempfer, William H.; Tower, Edward; Willett, Thomas D. - 2002

Persistent link: https://www.econbiz.de/10010272007

Skill reputation, prospect theory, and regret theory

Harbaugh, Richmond - 2002

help explain several anomalies associated with prospect theory, including probability weighting, loss aversion, and framing …. Prospect theory's four-fold pattern of probability weighting predicts that decision makers favor long-shots, avoid near sure … those of prospect theory, they differ in some cases, allowing for tests between the theories. The theoretical predictions …

Persistent link: https://www.econbiz.de/10010272010

Don't give up on me baby: spousal correlation in smoking behaviour

Clark, Andrew E.; Etilé, Fabrice - 2005

We use nine waves of BHPS data to examine interactions between spouses in terms of a behaviour with important health repercussions: cigarette smoking. Correlation between partners' behaviours may be due to correlated effects, as a consequence of matching or information revealed by others'...

Persistent link: https://www.econbiz.de/10010272016

An assignment model with divorce and remarriage

Chiappori, Pierre-André; Iyigun, Murat; Weiss, Yoram - 2008

We develop a two-sided matching model with positive sorting, divorce and remarriage. Match quality for each couple is revealed ex post and those with poor draws divorce. Competition determines lifetime expected utilities but per-period utilities depend on the laws that govern the distribution of...

Persistent link: https://www.econbiz.de/10010272030