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International economic sanctions have become increasingly important as alternatives to military conflict since the end … success of sanctions depends on conflict expectations and levels of commitment. Many sanctions strategies end at the threat …
Persistent link: https://www.econbiz.de/10014024402
Scholars making economic policy recommendations to resolve corruption problem use several approaches, the most dominant of which are the principal-agent and rent-seeking theories. In this paper, we argue that the principal-agent theory has problems accounting for the environment in which the...
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This essay reviews new histories of the role of game theory and rational decision-making in shaping the social sciences, economics among them, in the post war period. The recent books "The World the Game Theorists Made" by Paul Erickson and "How Reason Almost Lost Its Mind" by Paul Erickson,...
Persistent link: https://www.econbiz.de/10011524189
Peace economics can be defined as the use of economics to understand the causes and effects of violent conflict in the … international system and the ways that conflict can be avoided, managed, or resolved. This chapter surveys major subject areas of … peace studies; data sources and trends for interstate, intrastate, and extra-state conflict; the costs of conflict; the …
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theory (EH). In EH, we retained the rationality principle but modified the players' utilities by defining them as functions …, without violating the rationality principle nor adding free parameters, indicate that the role of benevolent sentiments in …
Persistent link: https://www.econbiz.de/10013252726