Robust economic models
In: Journal of economic dynamics & control, Band 19, Heft 3, S. 481-501
ISSN: 0165-1889
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In: Journal of economic dynamics & control, Band 19, Heft 3, S. 481-501
ISSN: 0165-1889
In: Mirovaja ėkonomika i meždunarodnye otnošenija: MĖMO, Heft 1, S. 98-106
In: International journal of political economy: a journal of translations, Band 33, Heft 3, S. 28-49
ISSN: 0891-1916
In: Conflict management and peace science: the official journal of the Peace Science Society (International), Band 21, Heft 1, S. 17-28
ISSN: 1549-9219
We develop an economic model of terrorism. Groups undertake violent activities to change the status quo when they are unable to bring about drastic political change in the face of limited access to economic opportunity. Furthermore, these groups are more likely to resort to terrorist activity when they face powerful policy-making elites who can't be uprooted easily, by legitimate means or otherwise. If, on the other hand, the elite groups currently in power are weak but can't be removed from power legitimately, the dissident groups are likely to initiate rebellion activity, such as civil wars & coups, to take over the rule of the governing elite themselves. In particular, the model exhibits multiple equilibria. For example, one equilibrium can be sustained where groups with limited access to opportunity may find it rational to engage in terrorist activities while policy-maker elites may find it rational not to engage in opening access to these groups. The result is, then, a pattern of reduced economic activity & increased terrorism. An alternative equilibrium can be sustained where access is more abundant & terrorism is reduced. 3 Figures, 19 References. Adapted from the source document.
In: Current history: a journal of contemporary world affairs, Band 86, S. 377-381
ISSN: 0011-3530
Abridged conference paper. Success in adapting the GDR's system to changing technologies and international circumstances; view of Soviet economic reform proposals.
In: Contributions in economics and economic history 99
In: Conflict management and peace science: the official journal of the Peace Science Society (International), Band 21, Heft 1, S. 17-28
ISSN: 1549-9219
We develop an economic model of terrorism. Groups undertake violent activities to change the status quo when they are unable to bring about drastic political change in the face of limited access to economic opportunity. Furthermore, these groups are more likely to resort to terrorist activity when they face powerful policy-making elites who can't be uprooted easily, by legitimate means or otherwise. If, on the other hand, the elite groups currently in power are weak but can't be removed from power legitimately, the dissident groups are likely to initiate rebellion activity, such as civil wars and coups, to take over the rule of the governing elite themselves. In particular, the model exhibits multiple equilibria. For example, one equilibrium can be sustained where groups with limited access to opportunity may find it rational to engage in terrorist activities while policy-maker elites may find it rational not to engage in opening access to these groups. The result is, then, a pattern of reduced economic activity and increased terrorism. An alternative equilibrium can be sustained where access is more abundant and terrorism is reduced.
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 23, Heft 5, S. 553-568
ISSN: 0161-8938
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 23, Heft 5, S. 553-568
ISSN: 0161-8938
In: Studies in empirical economics
In: Current history: a journal of contemporary world affairs, Band 86, Heft 523, S. 377-381,393-394
ISSN: 0011-3530
World Affairs Online
In: Conflict management and peace science: CMPS ; journal of the Peace Science Society ; papers contributing to the scientific study of conflict and conflict analysis, Band 21, Heft 1, S. 17-28
ISSN: 0738-8942
In: Demokratizatsiya: the journal of post-Soviet democratization = Demokratizacija, Band 11, Heft 1, S. 17-25
ISSN: 1074-6846
In: Philosophy of the social sciences: an international journal = Philosophie des sciences sociales, Band 25, Heft 4, S. 421-441
ISSN: 1552-7441
In investigating their models, economists do not appear to engage much in the activities many philosophers take to be essential to scientific understanding of the world, activities such as testing hypotheses and establishing laws. How, then, can economic models explain anything about the real world? Borrowing from William Dray, an explanation of what something really is, as opposed to an explanation of why something happens, is the subsumption of the explanandum under a suitable concept. One way economic models explain real-world phenomena is by providing explanations-what of such phenomena. In this way, economic models can afford explanations of the world without necessarily involving the activities philosophers take to be integral to scientific understanding of the world, for explanations-what do not necessarily involve the activities in question.