Showing 1 - 10 of 53
that could protect surplus (“security”). But the joint achievement of security and prosperity had to escape a paradox … conflict when defense capability is fixed, but may allow for security and prosperity when defense capability is endogenous …. Some economic shocks and military innovations deliver security and prosperity while others force societies back into a trap …
Persistent link: https://www.econbiz.de/10013009442
This paper studies the provision of deposit insurance without commitment in an economy with heterogenous households. When households are identical, deposit insurance will be provided ex post to reap insurance gains. But the ex post provision of deposit insurance redistributes consumption when...
Persistent link: https://www.econbiz.de/10013130779
A policy of deputization asks agents to monitor others without providing explicit incentives. It is often used to prevent dangerous activities. To calibrate whether and why it works, we study recent laws that deputized financial professionals to help fight elder financial abuse. We show...
Persistent link: https://www.econbiz.de/10014241950
From 2000 to 2010, more than 20 states passed laws that make it easier to use lethal force in self-defense. Elements of these laws include removing the duty to retreat in places outside of one's home, adding a presumption of reasonable belief of imminent harm, and removing civil liability for...
Persistent link: https://www.econbiz.de/10013105463
Assassinations are a persistent feature of the political landscape. Using a new data set of assassination attempts on all world leaders from 1875 to 2004, we exploit inherent randomness in the success or failure of assassination attempts to identify assassination's effects. We find that, on...
Persistent link: https://www.econbiz.de/10012776946
argue that human capital is an important factor in the production of terrorism, and that if terrorists behave rationally we …
Persistent link: https://www.econbiz.de/10012777646
This paper analyzes the normative role for civil liability in aligning terrorism precaution incentives, when the … perpetrators of terrorism are unreachable by courts or regulators. We consider the strategic interaction among targets, subsidiary … targets of terrorism, coupled with direct compensation to victims of terrorist attacks …
Persistent link: https://www.econbiz.de/10012778272
This paper examines the role that insurance has played in dealing with terrorism before and after September 11, 2001 …, by focusing on the distinctive challenges associated with terrorism as a catastrophic risk. The Terrorism Risk Insurance … Act of 2002 (TRIA) was passed by the U.S. Congress in November 2002, establishing a national terrorism insurance program …
Persistent link: https://www.econbiz.de/10012755733
This paper discusses new challenges we face with terrorism as a catastrophic risk by focusing on risk assessment, risk … management as well as risk financing issues. The special characteristics of terrorism compared with major natural hazards call … for the development of public-private partnerships, as recognized in November 2002 when the Terrorism Risk Insurance Act …
Persistent link: https://www.econbiz.de/10012755813
deployments in the Global War on Terrorism on opioid abuse. We exploit a natural experiment in overseas deployment assignments and …
Persistent link: https://www.econbiz.de/10012862853