Economic Perspectives on Peaceand Conflict

Michelle R. Garfinkel and Stergios Skaperdas

in The Oxford Handbook of the Economics of Peace and Conflict

Published in print April 2012 | ISBN: 9780195392777
Published online November 2012 | | DOI:

Series: Oxford Handbooks

Economic Perspectives on Peaceand Conflict

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  • Microeconomics
  • Econometrics and Mathematical Economics



This article introduces economic perspectives on peace and conflict, briefly summarizes the contents of each part, and discusses future research directions. This handbook aims to bring different viewpoints, perspectives, and methods to the study of peace and conflict. A conflictual situation is one in which two or more actors engage in the choice of costly inputs that are adversarially combined against one another and generate no positive external effects for third parties. The study of peace and conflict is important from an economic perspective, not simply because it provides another area for applying the discipline's methods, but because it is integral to understanding how economies actually function. Power considerations cannot be realistically separated from markets.

Keywords: economics; peace; conflict; war; conflictual situation

Article.  7960 words. 

Subjects: Economics ; Microeconomics ; Econometrics and Mathematical Economics

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