Article ID Journal Published Year Pages File Type
7243221 Journal of Economic Behavior & Organization 2015 16 Pages PDF
Abstract
Throughout history, victory in conflict has created fearsome reputations. Victory thus ensures greater allegiance of the wider population, increasing the victor's rents at the expense of their enemy. Such reputational concerns create two motives for conflict. When only the outcome is informative, the less feared party may attack to show that they are tougher than expected. If the fact that conflict occurred at all also conveys information, the more feared party may attack. If they do not, the population view peace as a sign of weakness and switch loyalties anyway. In this case, conflict arises to save face.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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