Self-enforcing peace agreements that preserve the status quo
On the basis of a single-period, guns-versus-butter, complete-information model in which two agents dispute control over an insecure portion of their combined output, we study the choice between a peace agreement that maintains the status quo without arming (or unarmed peace) and open conflict (or w...
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Published in | Games and economic behavior Vol. 130; pp. 148 - 178 |
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Language | English |
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01.11.2021
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Abstract | On the basis of a single-period, guns-versus-butter, complete-information model in which two agents dispute control over an insecure portion of their combined output, we study the choice between a peace agreement that maintains the status quo without arming (or unarmed peace) and open conflict (or war) that is possibly destructive. With a focus on outcomes that are immune to both unilateral deviations and coalitional deviations, we find that, depending on war's destructive effects, the degree of output security and the initial distribution of resources, peace can, but need not necessarily, emerge in equilibrium. We also find that, ex ante resource transfers without commitments can improve the prospects for peace, but only when the configuration of parameters describing the degree of output security and the degree of war's destruction ensures the possibility of peace without such transfers at least for some sufficiently even initial resource distributions. |
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AbstractList | On the basis of a single-period, guns-versus-butter, complete-information model in which two agents dispute control over an insecure portion of their combined output, we study the choice between a peace agreement that maintains the status quo without arming (or unarmed peace) and open conflict (or war) that is possibly destructive. With a focus on outcomes that are immune to both unilateral deviations and coalitional deviations, we find that, depending on war's destructive effects, the degree of output security and the initial distribution of resources, peace can, but need not necessarily, emerge in equilibrium. We also find that, ex ante resource transfers without commitments can improve the prospects for peace, but only when the configuration of parameters describing the degree of output security and the degree of war's destruction ensures the possibility of peace without such transfers at least for some sufficiently even initial resource distributions. |
Author | Syropoulos, Constantinos Garfinkel, Michelle R. |
Author_xml | – sequence: 1 givenname: Michelle R. surname: Garfinkel fullname: Garfinkel, Michelle R. email: mrgarfin@uci.edu organization: University of California-Irvine, 3151 Social Science Plaza, Irvine, CA 92697, USA – sequence: 2 givenname: Constantinos surname: Syropoulos fullname: Syropoulos, Constantinos email: c.syropoulos@drexel.edu organization: LeBow College of Business, Drexel University, 3220 Market Street, Philadelphia, PA 19104, USA |
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SubjectTerms | Destructive wars Disputes Output insecurity Peaceful settlement Unarmed peace |
Title | Self-enforcing peace agreements that preserve the status quo |
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