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Self-Enforcing Peace Agreements that Preserve the Status Quo

Author

Listed:
  • Michelle Garfinkel

    (University of California, Irvine)

  • Constantinos Syropoulos

    (Drexel University)

Abstract

On the basis of a single-period, guns-versus-butter, complete-information model in which two agents dispute control over an insecure portion of their combined output, we study the choice between a peace agreement that maintains the status quo without arming (or unarmed peace) and open conflict (or war) that is possibly destructive. With a focus on outcomes that are immune to both unilateral deviations and coalitional deviations, we find that, depending on war's destructive effects, the degree of output security and the initial distribution of resources, peace can, but need not necessarily, emerge in equilibrium. We also find that, while ex ante resource transfers without commitment can improve the prospects for peace, war remains the unique equilibrium in pure strategies when the initial distribution of resources is sufficiently uneven.

Suggested Citation

  • Michelle Garfinkel & Constantinos Syropoulos, 2020. "Self-Enforcing Peace Agreements that Preserve the Status Quo," School of Economics Working Paper Series 2020-7, LeBow College of Business, Drexel University.
    • Handle: RePEc:ris:drxlwp:2020_007
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    Cited by:

    1. Baier, Alexandra & Seelos, Sophia & Rittmannsberger, Thomas, 2024. "Peace in an unequal world? Experimental evidence on the relationship between inequality and conflict in a guns-vs-butter setting," Games and Economic Behavior, Elsevier, vol. 147(C), pages 74-87.
    2. Rabah Arezki & Markus Brueckner, 2021. "Natural Resources and Civil Conflict: The Role of Military Expenditures," JRFM, MDPI, vol. 14(12), pages 1-26, December.
    3. Garfinkel, Michelle R. & Syropoulos, Constantinos, 2020. "Inequality and conflict: Burning resources to support peace," Economics Letters, Elsevier, vol. 197(C).
    4. Michelle Garfinkel & Constantinos Syropoulos, 2022. "International Trade and Stable Resolutions of Resource Disputes," School of Economics Working Paper Series 2022-9, LeBow College of Business, Drexel University.

    More about this item

    Keywords

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    JEL classification:

    • D30 - Microeconomics - - Distribution - - - General
    • 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

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