Conflict, settlement, and the shadow of the future
•We examine an incomplete-contracting conflict settings.•We show that open conflict is more likely as the future becomes more important.•We test the theory in a laboratory experiment.•Experimental data confirms our theoretical predictions about the likelihood of conflict. We examine a conflictual se...
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| Published in | Journal of economic behavior & organization Vol. 105; pp. 75 - 89 |
|---|---|
| Main Authors | , |
| Format | Journal Article |
| Language | English |
| Published |
Amsterdam
Elsevier B.V
01.09.2014
Elsevier Sequoia S.A |
| Subjects | |
| Online Access | Get full text |
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| Abstract | •We examine an incomplete-contracting conflict settings.•We show that open conflict is more likely as the future becomes more important.•We test the theory in a laboratory experiment.•Experimental data confirms our theoretical predictions about the likelihood of conflict.
We examine a conflictual setting in which adversaries cannot contract on an enforcement variable (arms) and where the future strategic positions of adversaries are very different when there is open conflict than when there is settlement. We show that, as the future becomes more important in this setting, open conflict becomes more likely than settlement. We demonstrate the theoretical robustness of this finding and test it in a laboratory experiment. As predicted, we find that subjects are more likely to engage in destructive conflict as the future becomes more important. |
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| AbstractList | We examine a conflictual setting in which adversaries cannot contract on an enforcement variable (arms) and where the future strategic positions of adversaries are very different when there is open conflict than when there is settlement. We show that, as the future becomes more important in this setting, open conflict becomes more likely than settlement. We demonstrate the theoretical robustness of this finding and test it in a laboratory experiment. As predicted, we find that subjects are more likely to engage in destructive conflict as the future becomes more important. We examine a conflictual setting in which adversaries cannot contract on an enforcement variable (arms) and where the future strategic positions of adversaries are very different when there is open conflict than when there is settlement. We show that, as the future becomes more important in this setting, open conflict becomes more likely than settlement. We demonstrate the theoretical robustness of this finding and test it in a laboratory experiment. As predicted, we find that subjects are more likely to engage in destructive conflict as the future becomes more important. All rights reserved, Elsevier •We examine an incomplete-contracting conflict settings.•We show that open conflict is more likely as the future becomes more important.•We test the theory in a laboratory experiment.•Experimental data confirms our theoretical predictions about the likelihood of conflict. We examine a conflictual setting in which adversaries cannot contract on an enforcement variable (arms) and where the future strategic positions of adversaries are very different when there is open conflict than when there is settlement. We show that, as the future becomes more important in this setting, open conflict becomes more likely than settlement. We demonstrate the theoretical robustness of this finding and test it in a laboratory experiment. As predicted, we find that subjects are more likely to engage in destructive conflict as the future becomes more important. |
| Author | Skaperdas, Stergios McBride, Michael |
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| Snippet | •We examine an incomplete-contracting conflict settings.•We show that open conflict is more likely as the future becomes more important.•We test the theory in... We examine a conflictual setting in which adversaries cannot contract on an enforcement variable (arms) and where the future strategic positions of adversaries... |
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| SubjectTerms | Conflict Conflict resolution Economic behaviour Enforcement Forecasts Future Futures Game theory Property rights Settlement Settlement patterns Shadow of the future Strategic behaviour Strategic management Studies War |
| Title | Conflict, settlement, and the shadow of the future |
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