Partial Compliance with International Economic Sanctions
Review of Development Economics
By bridging the gap between the strategic model of sanctions and the public choice framework of sanctions, the authors introduce a new sanctions game. Contrary to an earlier finding, they show that the partial compliance of the target country, along with mild sanctions, are not only an equilibrium outcome, but also Pareto superior to non-compliance and tough economic sanctions.
“Partial Compliance with International Economic Sanctions,” (with H. Beladi), Review of Development Economics 13, 2009: 125-133.