Aufsatz in Zeitschrift
Do Resource Sanctions Work?
Kai A. Konrad, Marcel Thum
CESifo, Munich, 2023
EconPol Forum 24 (3), 23-26
CESifo, Munich, 2023
EconPol Forum 24 (3), 23-26
- Damage created by an export embargo on exhaustible resources is typically much smaller than the foregone revenues
- Sanctions prompt the sanctioned country to extract resources later
- With competitive resource markets, sanctions create no costs—to any of the countries
- With non-price takers, the sanctioned country and worldwide consumers suffer losses
- With insecure property rights, sanctions hurt the autocrat most if his or her job security is low, but his international financial assets are safe
Enthalten in Zeitschrift bzw. Sammelwerk
EconPol Forum 03/2023: How Sanctions Work - and Which Goals They Fail to Achieve
CESifo, Munich, 2023