Showing 1 - 10 of 47
over a two-state solution to the conflict as well as the organizational structures of the factions. …
Persistent link: https://www.econbiz.de/10005123813
and productivity growth is low. We apply our theory to the windfalls of Norway, Iraq and Ghana. The optimal size of Ghana …’s liquidity fund is tiny even with high prudence. Norway’s liquidity fund is bigger than Ghana’s. Iraq’s liquidity fund is …
Persistent link: https://www.econbiz.de/10011084534
? To study this question we construct a dynamic general equilibrium model of a small open economy in which a coalition of …
Persistent link: https://www.econbiz.de/10005504455
We explain the empirical puzzle why mergers reduce profits, and raise share prices. If being an 'insider' is better than being an 'outsider', firms may merge to preempt their partner merging with a rival. The stock-value is increased, since the risk of becoming an outsider is eliminated. We also...
Persistent link: https://www.econbiz.de/10005504698
International agreements to protect the global environment are typically difficult to reach. In principle they should be profitable for all players involved in the negotiation. Even when they are profitable, however, they are often unstable due to the incentive to free-ride (enjoying the clean...
Persistent link: https://www.econbiz.de/10005792083
German war crimes during the occupation between 1941 and 1944. During months of open conflict between German and Greek … curtailed their purchases of German cars to a greater extent during conflict months than other parts of Greece. We conclude that … cultural aversion was a key determinant of purchasing behavior, and that memories of past conflict can affect economic choices …
Persistent link: https://www.econbiz.de/10011083633
This paper studies the relationship between political conflict and economic growth in a simple model of endogenous …
Persistent link: https://www.econbiz.de/10005281292
This paper discusses the data limitations associated with the measurement of top incomes and inequality in the Middle East, with special emphasis to the case of Egypt. It has been noted that high inequality might have contributed to the Arab spring revolt movement. Some studies have argued...
Persistent link: https://www.econbiz.de/10011171781
Conventional wisdom in economic history suggests that conflict between countries can be enormously disruptive of …
Persistent link: https://www.econbiz.de/10005504411
single-tier organizations, even though they offer more scope for organizational conflict and have more executives that can be … influenced. These benefits derive from two effects. First, part of the conflict in multi-divisional organizations takes place on …
Persistent link: https://www.econbiz.de/10005504716