THE SLIPPERY SLOPE OF CONCESSION

"We show that with common knowledge and a common rate of time preference, the potential loser can always avoid wasteful conflict through a time-consistent series of small concessions. We examine how the failure of each of these assumptions may explain why conflicts arise. We also debate which actions may be helpful in such unfortunate circumstances." Copyright (c) 2008 Western Economic Association International.

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Year of publication:	2009
Authors:	HIRSHLEIFER, JACK ; BOLDRIN, MICHELE ; LEVINE, DAVID K
Published in:	Economic Inquiry. - Western Economic Association International - WEAI, ISSN 0095-2583. - Vol. 47.2009, 2, p. 197-205
Publisher:	Western Economic Association International - WEAI

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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