Talking to the hand: Bargaining, strategic interaction, and economic sanctions

• Published in: European economic review Vol. 134; p. 103685
• Main Authors: Morgan, T. Clifton, Kobayashi, Yoshiharu
• Format: Journal Article
• Language: English
• Published: Elsevier B.V 01.05.2021
• Subjects: Bargaining; Economic sanctions; Sanctions threats; Sanctions threats; Bargaining; Economic sanctions

The dominant theoretical perspective guiding research on economic sanctions views sanctions as tools of bargaining. This implies that senders and targets are engaged in strategic interaction and that each is basing its decisions, in part, on its expectations regarding how its opponent will react. In...