Amegashie, J. Atsu; Runkel, Marco - In: Journal of Conflict Resolution 56 (2012) 2, pp. 313-330
The authors consider a two-period game of conflict between two factions, which have a desire for revenge. It is shown … that, in contrast to conventional wisdom, the desire for revenge need not lead to escalation of the conflict. The subgame …€™ aggregate effort below the level exerted in the no-revenge case. This paradox of revenge is more likely, the more elastically …