International Signaling and Economic Sanctions

Taehee Whang and Hannah June Kim

International Interactions, 2015, vol. 41, issue 3, 427-452

Abstract: Do economic sanctions serve international signaling purposes? A fully structural statistical model that employs a signaling game as a statistical model is used to investigate the existence of signaling effects of sanctions. Estimation results suggest that sanctions fail to work as a costly signal. The cheapness of sanctions prevents a target state from being able to distinguish a resolute sender state from a sender who is bluffing. When sanctions are imposed, a target rarely updates its initial evaluation of the sender state’s resolve, much less than when a military challenge is observed.

Date: 2015
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DOI: 10.1080/03050629.2015.1024242

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