Research Library

On September 22, 1980, Saddam Hussein initiated what became one of the longest wars of the twentieth century — a war of attrition between Iran and Iraq that finally ended in August 1988. Fellow Mohammad Ayatollahi Tabaar examines the domestic causes of the Iran–Iraq War, delving into secret discussions among Iranian political and military elites during the conflict, their analyses of their own performance on the battlefield, and their revealing public disputes and blame game decades later.

Drawing upon primary documents from various Iranian communists and Islamists, this research paper questions the conventional wisdom that the Islamists' takeover of the U.S. embassy in Tehran in 1979 was a grassroots reaction to American policies. The author argues that competition between the Islamists and leftists instead may have been a key driver of the hostage crisis.

The authors calculate nodal prices for Mexico's power system and analyze how the allocation of financial transmission rights can be used to mitigate resulting effects on electricity distribution. The Energy Journal: http://bit.ly/2UKrw9R

Mexico should consider expanding its 2014 energy reform legislation by further designing policies that seek to promote enhanced generation output and capacity, which could expand economic growth, the authors write in this study: http://bit.ly/2DpaDai

The authors examine ways in which disruptive technologies could potentially help improve power sector development in African countries. 

Mexico's electricity market has engaged in a deep reform process after decades of a state-owned, vertically integrated, noncompetitive closed industry. Using different modeling strategies, the authors of this paper analyze electricity transmission planning under the new industrial and institutional structure, which is characterized by a nodal pricing system and an independent system operator (ISO).

The winner’s curse — overestimating the value of an asset and therefore overpaying — is often associated with acquisitions of publicly-traded firms but not with private acquisitions. Using an event study methodology for over 22,000 private acquisitions of U.S. firms between 1985 and 2015, the authors examine a possible winner’s curse for such acquisitions, testing variables to determine what characteristics make a private company more likely to overestimate the asset's value.

This paper posits that the structure of fiscal federalism in countries like Argentina causes voters to reward fiscal expansion because they perceive that this extra spending at the margin is not financed by them, but rather by the nation at large.

This article reviews the achievements and limitations of the G-20, analyzes the legitimacy issues that the group faces, and presents the basis of a proposal to create a Global Economic Coordination Council.