theoretical, examining the mechanisms that lead to war or are more conducive to peace. …This handbook brings together contributions from leading scholars who take an economic perspective to study peace and …

exist with a positive war frequency. Third, if multiple equilibria exist, the perpetual peace equilibrium with positive war … international conflict. In this paper, we investigate whether this motive is sufficiently important for war to persist in … equilibrium if all countries are democracies. Three key findings emerge. First, the perpetual peace equilibrium hypothesized by …