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The Economics of ConflictTheory and Empirical Evidence$
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Karl Wärneryd

Print publication date: 2014

Print ISBN-13: 9780262026895

Published to MIT Press Scholarship Online: September 2014

DOI: 10.7551/mitpress/9780262026895.001.0001

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(p.xi) Introduction
The Economics of Conflict

Karl Wärneryd

The MIT Press

This introductory chapter sets out the book’s purpose, which is to present a wide range of economic research on conflict. It brings together a variety of approaches, from the purely game-theoretical to the experimental, that all have in common a rational-choice perspective on conflict—a topic that often in the past has been thought to involve the inherently irrational. It is argued that economics needs a theory of conflict because economic transactions, even when they are not outright conflicting, necessarily take place in the shadow of conflict. An overview of the subsequent chapters is also presented.

Keywords:   conflict, economic research, economic transactions, rational choice

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