The paper analyses credibility and reputation in the context of peace negotiations. Where war provides economic gains to one side, peace is not incentive compatible, and peace agreements will necessarily degenerate, as they become time inconsistent. Levels of conflict are an increasing function...

The relationship between an economy's financial sector and the occurrence and resolution of conflict may at first sight appear tenuous. Banking systems, financial regulation, and currency arrangements do not appear to be relevant in understanding why nations collapse or why people kill each...

War provides economic opportunities, such as the capture of valuable natural resources, that are unavailable in peacetime. However, belligerents may prefer low-intensity conflict to total war when the former has a greater pay-off. This paper therefore uses a two-actor model to capture the...

This paper analyzes problems of implementing noneconomic conditionality, such as military expenditure reduction, in the granting of foreign aid given the presence of asymmetric information. The authors present two conceptually separate principal-agent models to capture the stylized facts of...

The paper examines macro-commercial policy imposed by the North on the South in the context of a structuralist North-South model. The North is characterized by Keynesian unemployment with nominal wage rigidity; the South has a flex-price economy with surplus labor. As a departure from most...

A number of armed conflicts in the third world are financed with raw materials. The relative importance of such income is on the increase, given the diminishing benefits of what is hereby termed as the geo-strategic rent of the cold war. The control of raw materials, territories and marketing...

Although corruption may have a corrosive effect on economies and rule-based institutions, it also forms part of the fabric of social and political relationships. This endogenous character means that conflict may be engendered more by changes in the pattern of corruption than by the existence of...

[eng] Philippe Le Billon — Raw materials, violence and armed conflicts . A number of armed conflicts in the third world are financed with raw materials. The relative importance of such income is on the increase, given the diminishing benefits of what is hereby termed as the geo-strategic rent...