Give peace a chance: The effect of ownership and asymmetric information on peace

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2013
Volume: 92
Issue: C
Pages: 116-126

Authors (2)

Corchón, Luis C. (Universidad Carlos III de Madr...) Yıldızparlak, Anıl (not in RePEc)

Score contribution per author:

1.009 = (α=2.02 / 2 authors) × 1.0x B-tier

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

Abstract

We study the possibility of peace when two countries fight a war over the ownership of a resource. War is always the outcome of the game played by rational countries – under complete or asymmetric information – when there is no pre-established distribution of the resource among countries. When there is such a distribution of the resource, under complete information peace is feasible for some initial distributions of the resource, whereas under asymmetric information there are two classes of equilibria: Peaceful Equilibria, in which peace has a positive probability, and Aggressive Equilibria, which assign probability one to war. Surprisingly, a little asymmetric information may yield war.

Technical Details

RePEc Handle
repec:eee:jeborg:v:92:y:2013:i:c:p:116-126
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25