A dynamic theory of war and peace

A-Tier
Journal: Journal of Economic Theory
Year: 2010
Volume: 145
Issue: 5
Pages: 1921-1950

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In every period, an aggressive country seeks concessions from a non-aggressive country with private information about their cost. The aggressive country can force concessions via war, and both countries suffer from limited commitment. We characterize the efficient sequential equilibria. We show that war is necessary to sustain peace and that temporary wars can emerge because of the coarseness of public information. In the long run, temporary wars can be sustained only if countries are patient, if the cost of war is large, and if the cost of concessions is low.

Technical Details

RePEc Handle
repec:eee:jetheo:v:145:y:2010:i:5:p:1921-1950
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29