The Persistence and Frequency of Economic Sanctions
Shane Bonetti
Chapter 17 in The Economics of International Security, 1994, pp 183-193 from Palgrave Macmillan
Abstract:
Abstract Wars of attrition are ubiquitous, spanning industrial disputes, instrumentalist economic sanctions episodes,1 oligopolistic price wars, animal conflicts, sundry sporting contests and the standard military examples. Nations and individuals enter wars of attrition hoping that conflict will become intolerable for their opponent before it does for them. Persistence is costly, but the persistent prevail.
Keywords: Economic Sanction; Industrial Dispute; Time Time Time; Sunk Cost Fallacy; Infinite Stream (search for similar items in EconPapers)
Date: 1994
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DOI: 10.1007/978-1-349-23695-4_17
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