Peace agreements without commitment

B-Tier
Journal: Games and Economic Behavior
Year: 2010
Volume: 68
Issue: 2
Pages: 469-487

Authors (2)

Beviá, Carmen (Universidad de Alicante) Corchón, Luis C. (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

In this paper we present a model of war between two rational and completely informed players. We show that in the absence of binding agreements war can be avoided in many cases by one player transferring money to the other player. In most cases, the "rich" country transfers part of its money to the "poor" country. But when the military proficiency of the "rich" country is sufficiently high the "poor" country stops the war by transferring part of its resources to the "rich" country. War cannot be avoided by transfers when inequality of resources is very large or the cost of war is sufficiently low.

Technical Details

RePEc Handle
repec:eee:gamebe:v:68:y:2010:i:2:p:469-487
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24