The economics of conflict theory and empirical evidence
Modern economics has largely ignored the issue of outright conflict as an alternative way of allocating goods, assuming instead the existence of well-defined property rights enforced by an undefined third party. And yet even in ostensibly peaceful market transactions, conflict exists as an outside o...
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| Format: | eBook |
| Language: | English |
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Cambridge, Massachusetts
MIT Press
2014
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| Series: | CESifo seminar series
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| Collection: | MIT Press eBook Archive - Collection details see MPG.ReNa |
| Summary: | Modern economics has largely ignored the issue of outright conflict as an alternative way of allocating goods, assuming instead the existence of well-defined property rights enforced by an undefined third party. And yet even in ostensibly peaceful market transactions, conflict exists as an outside option, sometimes constraining the outcomes reached through voluntary agreement. In this volume, economists offer a crucial rational-choice perspective on conflict, using methodological approaches that range from the game theoretic to the experimental |
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| Physical Description: | xviii, 285 pages illustrations |
| ISBN: | 0262321971 9780262321976 |