Hess, Gregory D.; Orphanides, Athanasios - CESifo - 1999
international conflict. In this paper, we investigate whether this motive is sufficiently important for war to persist in … Immanuel Kant (1795, 1991) always exists. The reason is that in the absence of the threat of war, leaders are unable to divert … exist with a positive war frequency. Third, if multiple equilibria exist, the perpetual peace equilibrium may be unstable in …