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The emphasis on constitutional political economy has been that new rules and institutions can be devised that improve the welfare of a society. Given the number of societies that are infected with political conflict and, as a result, lower levels of welfare, this paper attempts to analyze why we...
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We model the choice of leaders of groups within society, where leaders influence both the mode of interaction between groups (either peaceful compromise or costly conflict) and the outcome of these interactions. Group members may choose leaders strategically/instrumentally or they may choose...
Persistent link: https://www.econbiz.de/10005090679
This paper reviews four economic theories of leadership selection in conflict settings. The 'credibility rationale', argues that hawks may actually be necessary to initiate peace agreements. The 'bargaining rationale' predicts that while doves are more likely to secure peace, post-conflict hawks...
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The emphasis on constitutional political economy has been that new rules and institutions can be devised that improve the welfare of a society. Given the number of societies that are infected with political conflict and, as a result, lower levels of welfare, this paper attempts to analyze why we...
Persistent link: https://www.econbiz.de/10012747780
The emphasis on constitutional political economy has been that new rules and institutions can be devised that improve the welfare of a society. Given the number of societies that are infected with political conflict and, as a result, lower levels of welfare, this paper attempts to analyze why we...
Persistent link: https://www.econbiz.de/10012552645