Featured Research

from universities, journals, and other organizations

How To Win By Concession And Avoid Unproductive Conflict

Date:
October 19, 2009
Source:
Wiley-Blackwell
Summary:
A new study explores the question: "If we can make a deal, why fight?" The authors conclude that a combination of common knowledge and a common rate of time preference allow a potential loser to use small concessions to successfully appease an expected winner.

A new study published in Economic Inquiry explores the question: "If we can make a deal, why fight?" The authors conclude that a combination of common knowledge and a common rate of time preference allow a potential loser to use small concessions to successfully appease an expected winner. Given the right conditions, small negotiated concessions can work, but in situations where clear and specific inequities exist, appeasement can be a dangerous thing.

In their study, insights from the late, great American economist Jack Hirschleifer are intertwined into a piece by colleagues Michele Boldrin and David Levine to offer a fresh look at some fundamental questions of conflict resolution.

This piece examines the dynamics of conflict and the problem of time consistency. If a potential loser agrees to a concession, what guarantees are there that more demands are not then made? The article offers a rigorous proof of their theorem that "in the baseline case of common beliefs and identical time preferences, if the size of indivisibility is sufficiently small, conflict can always be avoided by a series of small concessions, with both parties recognizing that there will be additional concessions in the future."

Conflict is only avoidable when both parties agree that peace is preferable, but the degree to which a perceived winner is more impatient than a likely loser appears to be a key factor in the inevitability of conflict. The presence of indivisibilities in the allocation of resources or in the making of concessions can also impede the likelihood of harmonious outcomes.

The authors find that appeasement can be a good plan. When choice is possible, trade should be chosen over conflict. Hirschleifer states, "Warfare, even if there were not too much in the way of battle damage or even opportunity cost, would still not lead to a mutually desired reshuffling of the social totals."


Story Source:

The above story is based on materials provided by Wiley-Blackwell. Note: Materials may be edited for content and length.


Journal Reference:

  1. Jack Hirshleifer, Michele Boldrin, David K. Levine. The Slippery Slope Of Concession. Economic Inquiry, Volume 47 Issue 2 , Pages 197 - 393 (April 2009) DOI: 10.1111/j.1465-7295.2008.00154.x

Cite This Page:

Wiley-Blackwell. "How To Win By Concession And Avoid Unproductive Conflict." ScienceDaily. ScienceDaily, 19 October 2009. <www.sciencedaily.com/releases/2009/10/091013162750.htm>.
Wiley-Blackwell. (2009, October 19). How To Win By Concession And Avoid Unproductive Conflict. ScienceDaily. Retrieved October 2, 2014 from www.sciencedaily.com/releases/2009/10/091013162750.htm
Wiley-Blackwell. "How To Win By Concession And Avoid Unproductive Conflict." ScienceDaily. www.sciencedaily.com/releases/2009/10/091013162750.htm (accessed October 2, 2014).

Share This



More Science & Society News

Thursday, October 2, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

German World War II Bomber Found in Croatia's Adriatic

German World War II Bomber Found in Croatia's Adriatic

AFP (Oct. 2, 2014) A rare, well-preserved German World War II bomber has been found in Croatia's central Adriatic more than seven decades after it was shot down, the national conservation institute said on Wednesday. Duration: 00:40 Video provided by AFP
Powered by NewsLook.com
Raw: Japan Volcano Rescue Video Released

Raw: Japan Volcano Rescue Video Released

AP (Oct. 2, 2014) The Tokyo Fire Department released video of rescue efforts following Saturday's eruption of Mount Ontake in central Japan. It shows firefighters and military troops carrying injured people as plumes of smoke pour from the volcano behind them. (Oct. 2) Video provided by AP
Powered by NewsLook.com
Japan Looks To Faster Future As Bullet Train Turns 50

Japan Looks To Faster Future As Bullet Train Turns 50

Newsy (Oct. 1, 2014) Japan's bullet train turns 50 Wednesday. Here's a look at how it's changed over half a century — and the changes it's inspired globally. Video provided by Newsy
Powered by NewsLook.com
US Police Put Body Cameras to the Test

US Police Put Body Cameras to the Test

AFP (Oct. 1, 2014) Police body cameras are gradually being rolled out across the US, with interest surging after the fatal police shooting in August of an unarmed black teenager. Duration: 02:18 Video provided by AFP
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:

Strange & Offbeat Stories


Science & Society

Business & Industry

Education & Learning

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins