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 September 17, 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 September 17, 2014).

Share This



More Science & Society News

Wednesday, September 17, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Some Tobacco Farmers Thrive Amid Challenges

Some Tobacco Farmers Thrive Amid Challenges

AP (Sep. 16, 2014) The South's tobacco country is surviving, and even thriving in some cases, as demand overseas keeps growers in the fields of one of America's oldest cash crops. (Sept. 16) Video provided by AP
Powered by NewsLook.com
Space Race Pits Bezos Vs Musk

Space Race Pits Bezos Vs Musk

Reuters - Business Video Online (Sep. 16, 2014) Amazon CEO Jeff Bezos' startup will team up with Boeing and Lockheed to develop rocket engines as Elon Musk races to have his rockets certified. Fred Katayama reports. Video provided by Reuters
Powered by NewsLook.com
President To Send 3,000 Military Personnel To Fight Ebola

President To Send 3,000 Military Personnel To Fight Ebola

Newsy (Sep. 16, 2014) President Obama is expected to send 3,000 troops to West Africa as part of the effort to contain Ebola's spread. Video provided by Newsy
Powered by NewsLook.com
EU Ministers and Experts Meet to Discuss Ebola Reponse

EU Ministers and Experts Meet to Discuss Ebola Reponse

AFP (Sep. 15, 2014) The European Commission met on Monday to coordinate aid that the EU can offer to African countries affected by the Ebola outbreak. Duration: 00:58 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:
from the past week

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