October 2009
2 posts
Overview
The application of bargaining models to the study of interstate conflict has produced a large number of insights regarding why states fight, but it leaves unsolved the puzzle as to why rational leaders would choose conflict if fighting incurs costs they could avoid in a negotiated settlement. Most bargaining models of conflict assume leaders are perfectly sensitive to expected costs and benefits,...
Links
University of Virginia Experimental Economics Lab [link]
“Some Experimental Results for a Quantal Response Bargaining Model of War,” David Clark, Charles Holt, Timothy Nordstrom, William Reed, and Katri Sieberg [pdf].