The Slippery Slope of Concession
"We show that with common knowledge and a common rate of time preference, the potential loser can always avoid wasteful conflict through a time-consistent series of small concessions. We examine how the failure of each of these assumptions may explain why conflicts arise. We also debate which actions may be helpful in such unfortunate circumstances." Copyright (c) 2008 Western Economic Association International.
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References listed on IDEAS
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- Hirshleifer, Jack, 1991.
"The Technology of Conflict as an Economic Activity,"
American Economic Review,
American Economic Association, vol. 81(2), pages 130-134, May.
- Jack Hirshleifer, 1990. "The Technology of Conflict as an Economic Activity," UCLA Economics Working Papers 597, UCLA Department of Economics.
- Rubinstein, Ariel, 1982.
"Perfect Equilibrium in a Bargaining Model,"
Econometric Society, vol. 50(1), pages 97-109, January.
- Jack Hirshleifer, 2000.
"Appeasement: Can It Work?,"
UCLA Economics Working Papers
798, UCLA Department of Economics.
- Jack Hirshleifer, 1991.
"The Paradox Of Power,"
Economics and Politics,
Wiley Blackwell, vol. 3(3), pages 177-200, November.
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