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Learning from Schelling's Strategy of Conflict

Author

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  • Roger B. Myerson

Abstract

Thomas Schelling's Strategy of Conflict is a masterpiece that should be recognized as one of the most important and influential books in social theory. This paper reviews some of the important ideas in Strategy of Conflict and considers some of the broader impact that this book has had on game theory, economics, and social theory. By his emphasis on the critical importance of information and commitment in strategic dynamics, Schelling played a vital role in stimulating the development of noncooperative game theory. More broadly, Schelling's analysis of games with multiple equilibria has redefined the scope of economics and its place in the social sciences. (JEL D74, F51, H56)

Suggested Citation

  • Roger B. Myerson, 2009. "Learning from Schelling's Strategy of Conflict," Journal of Economic Literature, American Economic Association, vol. 47(4), pages 1109-1125, December.
  • Handle: RePEc:aea:jeclit:v:47:y:2009:i:4:p:1109-25
    Note: DOI: 10.1257/jel.47.4.1109
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jel.47.4.1109
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    References listed on IDEAS

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    1. John C. Harsanyi & Reinhard Selten, 1988. "A General Theory of Equilibrium Selection in Games," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262582384, November.
    2. R. Myerson., 2010. "Nash Equilibrium and the History of Economic Theory," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 6.
    3. Aumann, Robert J., 1974. "Subjectivity and correlation in randomized strategies," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 67-96, March.
    4. Roger B. Myerson, 2006. "Game-theoretic Consistency and International Relations," Journal of Theoretical Politics, , vol. 18(4), pages 416-433, October.
    5. Avinash Dixit, 2006. "Thomas Schelling's Contributions to Game Theory," Scandinavian Journal of Economics, Wiley Blackwell, vol. 108(2), pages 213-229, July.
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    Citations

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    Cited by:

    1. Aperjis, Christina & Zeckhauser, Richard J. & Miao, Yali, 2014. "Variable temptations and black mark reputations," Games and Economic Behavior, Elsevier, vol. 87(C), pages 70-90.
    2. Grégoire Rota-Graziosi, 2016. "Implementing Tax Coordination and Harmonization through Voluntary Commitment," Working Papers halshs-01332058, HAL.
    3. Correa Romar, 2014. "Mathematical Foci," Mathematical Economics Letters, De Gruyter, vol. 2(1-2), pages 1-7, August.
    4. Török, Ádám, 2011. "Intézményépítés a túlzott államadósság elleni védekezés érdekében
      [Building institutions to guard against excessive state debt]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 577-591.
    5. repec:eee:rujoec:v:1:y:2015:i:1:p:55-80 is not listed on IDEAS

    More about this item

    JEL classification:

    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War

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