removes their capacity to strike. Weapons can serve as a means of deterrence. In four treatments, we find that deterrence is … beneficial trade decreases the risk of confrontation, but not necessarily the likelihood of costly arms races. …

towards meeting overly ambitious objectives; (ii) small changes in the destination of trade across all Regional Economic … Communities, indicative of persistent high trade costs and few new manufactures products destined for geographically close markets … high number of provisions not covered in Word Trade Organization negotiations, but these have low legal enforceability …

gain from doing so. Again, rivalry contributes to the phenomenon: a supplier who buys out the maverick would fall behind …

dilemma situations. As a result, they are often treated alike. In this paper we argue that the degree of rivalry is the … fundamental difference between the two games. We show that rivalry implies that both games cannot be represented by the same game …-pants clearly perceive the differences in rivalry. Aggregate behavior in both games starts relatively close to Pareto efficiency and …