Dispute Resolution Institutions and Strategic Militarization
In: Journal of political economy, Band 127, Heft 1, S. 378-418
ISSN: 1537-534X
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In: Journal of political economy, Band 127, Heft 1, S. 378-418
ISSN: 1537-534X
In: https://doi.org/10.7916/D86W984C
A central question in political science is how to best manage information asymmetries and commitment problems when disputes arise between states or nations. We argue that common framings of this problem miss an important feature: the institutions determining how disputes are resolved shape the incentives for nations to enter disputes. Because war can be sometimes understood as the down-side risk from entering a dispute, institutions that reduce the chances of war-fighting may induce perverse incentives to enter into disputes and militarize. We develop a simple crisis model that captures both the militarization decisions and bargaining behavior. We examine how features like direct communication and third-party involvement alter the incentives. Seemingly effective institutions that improve the chance of peace for a given distribution of military strength, can actually lower the chance of peace once one accounts for distortions to militarization decisions. To illustrate the value of this broader perspective we show how a form of intervention by a mediator concerned only with resolving the current crisis, turns out to create optimal militarization and bargaining incentives.
BASE
In: Conflict management and peace science: the official journal of the Peace Science Society (International), Band 39, Heft 5, S. 487-519
ISSN: 1549-9219
The preventive motive for war arises because states cannot commit to limit the use of their growing power. This commitment problem can lead to war when there are not enough resources available to compensate the declining state for their expected losses. In this article, we show how capital markets affect preventive war incentives by introducing a profit-maximizing bond market to the canonical bargaining model of war. We find that the nature of the power shift and fundamentals of the market for debt interact to determine when a preventive motive is more likely to lead to war. Two main results show that (1) less probable but more extreme power shifts are most dangerous and (2) unlike the direct effect of interest rates on the cost of war, higher interest on sovereign debt makes war more likely. We present evidence for the latter effect by extending Lemke's (2003) study of preventive war for major-power dyads between 1816 and 1992.
World Affairs Online
In: Conflict management and peace science: the official journal of the Peace Science Society (International), Band 39, Heft 5, S. 487-519
ISSN: 1549-9219
The preventive motive for war arises because states cannot commit to limit the use of their growing power. This commitment problem can lead to war when there are not enough resources available to compensate the declining state for their expected losses. In this article, we show how capital markets affect preventive war incentives by introducing a profit-maximizing bond market to the canonical bargaining model of war. We find that the nature of the power shift and fundamentals of the market for debt interact to determine when a preventive motive is more likely to lead to war. Two main results show that (1) less probable but more extreme power shifts are most dangerous and (2) unlike the direct effect of interest rates on the cost of war, higher interest on sovereign debt makes war more likely. We present evidence for the latter effect by extending Lemke's (2003) study of preventive war for major-power dyads between 1816 and 1992.
In: American political science review, Band 102, Heft 2, S. 269-273
ISSN: 1537-5943
In "The Strategic Logic of Suicide Terrorism," Robert Pape (2003) presents an analysis of his suicide terrorism data. He uses the data to draw inferences about how territorial occupation and religious extremism affect the decision of terrorist groups to use suicide tactics. We show that the data are incapable of supporting Pape's conclusions because he "samples on the dependent variable."—The data only contain cases in which suicide terror is used. We construct bounds (Manski, 1995) on the quantities relevant to Pape's hypotheses and show exactly how little can be learned about the relevant statistical associations from the data produced by Pape's research design.
In: American political science review, Band 102, Heft 2, S. 269-274
ISSN: 0003-0554