The economics of conflict : theory and empirical evidence / edited by Karl Wärneryd.

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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Bibliographic Details
Other Authors: Wärneryd, Karl Erik, 1927- (Editor)
Format: eBook
Language:English
Published: Cambridge, Massachusetts : MIT Press, [2014]
Series:CESifo seminar series.
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Description
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.
Physical Description:1 online resource (xviii, 285 pages) : illustrations
Bibliography:Includes bibliographical references and index.
ISBN:9780262321976
0262321971
9781306491150
1306491150
DOI:10.7551/mitpress/9780262026895.001.0001
Source of Description, Etc. Note:Print version record.