Konrad, Kai A.; Thum, Marcel - In: econPol Forum : a bi-monthly journal on European … 24 (2023) 3, pp. 23-26
Damage created by an export embargo on exhaustible resources is typically much smaller than the foregone revenues. Sanctions prompt the sanctioned country to extract resources later. With competitive resource markets, sanctions create no costs-to any of the countries. With non-price takers, the...