Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However, the possibility to report sick creates an additional moral hazard, since during sickness spells, minimum requirements on search behavior do not apply. This reduces the ex ante...

International traders’ and investors’ expectations were raised after Iran had pledged to implement the landmark nuclear deal negotiated with the US, UK, France, Russia and Germany. While the Islamic Republic constitutes a trading hub with great economic potential, large amounts of goods or...

The conflict between Russia and Ukraine that started in March 2014 resulted in bilateral economic sanctions imposed by Russia and Western countries, including the members of the euro area (EA). The paper investigates the impact of sanctions on the real side of the economy of Russia and the EA....

Introduction : the political economy of engagement -- The political economy of North Korea : the paradigmatic hard target -- North Korea's external economic relations -- The dilemmas of humanitarian assistance : the political economy of food -- The microeconomics of engagement -- Negotiating on...

One of the main elements of economic sanctions against Iran due to its nuclear and military programs is crude oil exportation restrictions in addition to investment in Iranian energy related projects. Senders of such sanction are interested in understanding the impacts of such embargos on...

The introduced sanctions against Russia, which at the moment are on a level of travel bans and asset freezes against a limited group of individuals and firms, are unlikely to trigger a profound change in Russian foreign policy. This can primarily be attributed to the fact that the economic...

[...] In einer Eventstudie werden im Folgenden zentrale Auswirkungen des russischen Importstopps auf deutsche Lebensmittelmärkte abgebildet. Damit soll auch ein Beitrag zur Modellierung von Sanktionseffekten geleistet werden. Beispielhaft werden die Märkte für Äpfel und für Milch...