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A Trade Institution as a Peaceful Institution? A Contribution to Integrative Theory

Author

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  • Raul Caruso

    (Universitá Cattolica del Sacro Cuore di Milano Milan, Italy, raul.caruso@unicatt.it)

Abstract

Recent studies emphasize the occurrence of conflict as a rational economic activity along with production and exchange. Agents are assumed to divide their efforts into fighting and productive activities, as commonly denoted by “guns†and “butter.†This article tries to go beyond this “manichean†idea, assuming Boulding's concept of “integrative system.†In particular, the article investigates whether a trade institution committed to free and fair trade could foster “peaceful†benefits for member countries. The analysis, produced in a very simplified world, counts as a founding pillar of the Contest Success Function. The results of the model suggest that in an institutionalized scenario, agents gain more both in terms of economic utility and in terms of peace than in “continuing conflict†and “obstructed trade†scenarios.

Suggested Citation

  • Raul Caruso, 2006. "A Trade Institution as a Peaceful Institution? A Contribution to Integrative Theory," Conflict Management and Peace Science, Peace Science Society (International), vol. 23(1), pages 53-72, February.
  • Handle: RePEc:sae:compsc:v:23:y:2006:i:1:p:53-72
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    Citations

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    Cited by:

    1. Caruso Raul, 2006. "Conflict and Conflict Management with Interdependent Instruments and Asymmetric Stakes, (The Good-Cop and the Bad-Cop Game)," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 12(1), pages 1-55, September.
    2. Raul Caruso, 2015. "Beyond deterrence and decline. Towards a general understanding of peace economics," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 128(1), pages 57-74.
    3. Sakshi Gupta & Ram Singh, 2018. "On Existence and Properties of Pure-strategy Equilibria under Contests," Working Papers id:12840, eSocialSciences.
    4. Economou Emmanouil M.L. & Kyriazis Nicholas C., 2016. "Choosing Peace Instead of War. A Lesson from Athenian Democracy," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 22(2), pages 191-212, April.
    5. Sakshi Gupta & Ram Singh, 2018. "On Existence and Properties of Pure-strategy Equilibria under Contests," Working papers 288, Centre for Development Economics, Delhi School of Economics.
    6. Xiang Jun & Primiano Christopher B. & Huang Wei-hao, 2015. "Aggressive or Peaceful Rise? An Empirical Assessment of China’s Militarized Conflict, 1979–2010," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 21(3), pages 301-325, August.
    7. Mintz Alex & Heo Uk, 2014. "Triads in International Relations: The Effect of Superpower Aid, Trade, and Arms Transfers on Conflict in the Middle East," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 20(3), pages 1-19, August.

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