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-perfect equilibrium is characterized by two effects: a...