{"id":271083,"date":"2024-08-16T10:37:42","date_gmt":"2024-08-16T08:37:42","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/271083\/"},"modified":"2024-08-16T11:37:48","modified_gmt":"2024-08-16T09:37:48","slug":"towards-rationalizing-the-use-of-economic-sanctions","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/271083\/","title":{"rendered":"Towards Rationalizing the Use of Economic Sanctions"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-271083","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The remarkable increase in the use of economic sanctions as a coercive tool of foreign policy over the past quarter century has been accompanied by an equally rapid growth in the number of academic and policy studies, which most often aim at quantifying the economic effects of sanctions and\/or understanding the reasons for their success or failure. Interestingly, the sanctions literature has failed to answer convincingly a seemingly simple but fundamental question: Why are sanctions used in the first place? To fill this gap, we build on developments in the conflict and bargaining literatures to propose a theory that motivates the imposition of economic sanctions. We also highlight the practical relevance of our framework and discuss how it can be extended to capture additional sanction features, which are assumed away in the benchmark model.","onlinedate":"2024-08-16 00:00:00","lang":"English","publication_series":"","publication_date":"20240816","publication_date_year":"","publication_date_full":true,"publication_num_pages":"43","keywords":"[\"Economic sanctions\",\"Military conflict\",\"Bargaining theory\"]","jelcodes":"[\"F13\",\"F51\",\"H59\",\"N40\",\"N70\"]","related_publications":"[]","pdf":271087,"zip":null,"link":"","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"684","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2024-08-16 00:00:00","types":[44410],"research_groups":[],"collaboration":"","persons":[4986,17471,17473,17467],"persons_data":"[{\"personId\":4986,\"personName\":\"Gabriel Felbermayr\",\"organisationNames\":[]},{\"personId\":17471,\"personName\":\"Clifton T. Morgan\",\"organisationNames\":[\"Rice University\"]},{\"personId\":17473,\"personName\":\"Constantinos Syropoulos\",\"organisationNames\":[\"Drexel University\"]},{\"personId\":17467,\"personName\":\"Yoto V. Yotov\",\"organisationNames\":[\"Drexel University\"]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Felbermayr, G.<\\\/span>, Morgan, C. T., Syropoulos, C., &amp; Yotov, Y. V. (2024). <span>Towards Rationalizing the Use of Economic Sanctions<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (684).<\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Felbermayr G<\\\/span>, Morgan CT, Syropoulos C, Yotov YV. <span class=\\\"title\\\"><span>Towards Rationalizing the Use of Economic Sanctions<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2024 Aug 16;(684).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{ca1c042166f44e7692f5fe18bab62d5c,<\\\/div><div>  title    = \\\"Towards Rationalizing the Use of Economic Sanctions\\\",<\\\/div><div>  abstract = \\\"The remarkable increase in the use of economic sanctions as a coercive tool of foreign policy over the past quarter century has been accompanied by an equally rapid growth in the number of academic and policy studies, which most often aim at quantifying the economic effects of sanctions and\\\/or understanding the reasons for their success or failure. Interestingly, the sanctions literature has failed to answer convincingly a seemingly simple but fundamental question: Why are sanctions used in the first place? To fill this gap, we build on developments in the conflict and bargaining literatures to propose a theory that motivates the imposition of economic sanctions. We also highlight the practical relevance of our framework and discuss how it can be extended to capture additional sanction features, which are assumed away in the benchmark model.\\\",<\\\/div><div>  keywords = \\\"Economic sanctions, Military conflict, Bargaining theory\\\",<\\\/div><div>  author   = \\\"Gabriel Felbermayr and Morgan, \\\\{Clifton T.\\\\} and Constantinos Syropoulos and Yotov, \\\\{Yoto V.\\\\}\\\",<\\\/div><div>  year     = \\\"2024\\\",<\\\/div><div>  month    = aug,<\\\/div><div>  day      = \\\"16\\\",<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Towards Rationalizing the Use of Economic Sanctions<\\\/p><p>AU  - Felbermayr, Gabriel<\\\/p><p>AU  - Morgan, Clifton T.<\\\/p><p>AU  - Syropoulos, Constantinos<\\\/p><p>AU  - Yotov, Yoto V.<\\\/p><p>PY  - 2024\\\/8\\\/16<\\\/p><p>Y1  - 2024\\\/8\\\/16<\\\/p><p>N2  - The remarkable increase in the use of economic sanctions as a coercive tool of foreign policy over the past quarter century has been accompanied by an equally rapid growth in the number of academic and policy studies, which most often aim at quantifying the economic effects of sanctions and\\\/or understanding the reasons for their success or failure. Interestingly, the sanctions literature has failed to answer convincingly a seemingly simple but fundamental question: Why are sanctions used in the first place? To fill this gap, we build on developments in the conflict and bargaining literatures to propose a theory that motivates the imposition of economic sanctions. We also highlight the practical relevance of our framework and discuss how it can be extended to capture additional sanction features, which are assumed away in the benchmark model.<\\\/p><p>AB  - The remarkable increase in the use of economic sanctions as a coercive tool of foreign policy over the past quarter century has been accompanied by an equally rapid growth in the number of academic and policy studies, which most often aim at quantifying the economic effects of sanctions and\\\/or understanding the reasons for their success or failure. Interestingly, the sanctions literature has failed to answer convincingly a seemingly simple but fundamental question: Why are sanctions used in the first place? To fill this gap, we build on developments in the conflict and bargaining literatures to propose a theory that motivates the imposition of economic sanctions. We also highlight the practical relevance of our framework and discuss how it can be extended to capture additional sanction features, which are assumed away in the benchmark model.<\\\/p><p>KW  - Economic sanctions<\\\/p><p>KW  - Military conflict<\\\/p><p>KW  - Bargaining theory<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Towards Rationalizing the Use of Economic Sanctions - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/271083\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Towards Rationalizing the Use of Economic Sanctions\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/271083\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-16T09:37:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/271083\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/271083\\\/\",\"name\":\"Towards Rationalizing the Use of Economic Sanctions - 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