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Counterfeit money is the topic of television, movies, and lore but hardly seen by most of us - for only about one in ten thousand notes is found to be counterfeit, annually, in the USA (Judson and Porter 2003). And while the value of globally seized and passed counterfeit American dollars has...
Persistent link: https://www.econbiz.de/10013039869
Existing long-term energy and climate scenarios are typically a rather simple extrapolation of past trends. Both qualitative and quantitative outlooks co-exist, but they often focus narrowly on individual perspectives, which is opposed to the interlinked and complex nature of energy and climate....
Persistent link: https://www.econbiz.de/10012893973
whether, and under what terms, such agreements are enforceable. The skeptics argue that the bargaining dynamics within an … postnups is warranted. This Article draws on bargaining theory and numerous studies of strategic negotiation to argue that the … dynamics of spousal negotiation create significant limits on opportunism. Although spousal bargaining will often result in an …
Persistent link: https://www.econbiz.de/10014050951
States often bargain over objects that affect their future bargaining power. A large territory, for example, is not …-player bargaining games in which present outcomes affect future power, and show three main results: (i) in a two-player negotiation, war …
Persistent link: https://www.econbiz.de/10014162111
This paper develops a new tractable strategic theory of counterfeiting as a multi-market large game played by good and bad guys. There is free entry of bad guys, who choose whether to counterfeit, and what quality to produce. Opposing them is a continuum of good guys who select a costly...
Persistent link: https://www.econbiz.de/10012708564
Typically, economics assumes that property rights over productive resources or goods are perfectly defined and costlessly enforced. The costs of insecurity and the resultant conflict are, however, real and often economically significant. In this paper, we examine how international trade regimes...
Persistent link: https://www.econbiz.de/10013419262
We consider a dynamic setting in which two sovereign states with overlapping ownership claims on a resource/asset first arm and then choose whether to resolve their dispute violently through war or peacefully through settlement. Both approaches depend on the states' military capacities, but...
Persistent link: https://www.econbiz.de/10013419332
We consider a dynamic setting in which two sovereign states with overlapping ownership claims on a resource/asset first arm and then choose whether to resolve their dispute violently through war or peacefully through settlement. Both approaches depend on the states’ military capacities, but...
Persistent link: https://www.econbiz.de/10014243081
Typically, economics assumes that property rights over productive resources or goods are perfectly defined and costlessly enforced. The costs of insecurity and the resultant conflict are, however, real and often economically significant. In this paper, we examine how international trade regimes...
Persistent link: https://www.econbiz.de/10014243087
We consider a dynamic setting where two countries with competing claims to a resource/asset first arm and then choose whether to resolve their dispute through war or peacefully through settlement. War precludes international trade and can be destructive, but also locks gains and eliminates...
Persistent link: https://www.econbiz.de/10015371932