Achieving peace and building the institutions that will make it last require much time and effort on the part of adversaries. While making this effort, the likelihood of peace is uncertain and preparations for confict are on-going. We examine a setting that takes such considerations into account. Adversaries divide their resources between "guns," "butter," and investments in conflict management.
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Paper provided by California Irvine - School of Social Sciences in its series Papers with number
00-01-17.
Find related papers by JEL classification: M19 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Other F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
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Michelle R. Garfinkel & Stergios Skaperdas, 2006.
"Economics of Conflict: An Overview,"
Working Papers
050623, University of California-Irvine, Department of Economics, revised Sep 2006.
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