Peace economics can be defined as the use of economics to understand the causes and effects of violent conflict in the … peace economics, highlighting seminal as well as current contributions. Particularly noteworthy among the newer developments … relatively large cross-country panels. The topics surveyed include: the relation of peace economics to both defense economics and …

detailed PEACE II accounts. Noting potential selection and omitted variables biases, we implement two-stage random effects …

-2011 with full peace agreements as observations. Mediation is shown to reduce both the probability of an agreement ending (not …

equilibrium if all countries are democracies. Three key findings emerge. First, the perpetual peace equilibrium hypothesized by … exist with a positive war frequency. Third, if multiple equilibria exist, the perpetual peace equilibrium may be unstable in …

conflict; on the linkages between agriculture, food security, and conflict; on the role of technology for peace; and on the …

referred to as the "Democratic Peace," that modern democracies rarely go to war with one another. We propose that the …

improved when military expenditure is used as a tool to mitigate perceived and real security risks that potentially reduce …