All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC

Harold Houba and Quan Wen
''On The Power to Hurt: Costly Conflict with Completely Informed States''
( 2006, Vol. 3 No.3 )
Slantchev (2003, American Political Science Review, 97) studies a class of negotiation models to explain costly conflict between two completely informed nations. In one of his main propositions (Proposition 2.3), Slantchev provides a strategy profile to support the so-called extremal subgame perfect equilibrium, where one nation receives its lowest equilibrium payoff. By means of a counter example, we demonstrate the existence of an equilibrium with one nation's payoffs below the strategy profile provided in his Proposition 2.3 (Case 2).
Manuscript Received : Dec 22 2005 Manuscript Accepted : Jan 25 2006

  This abstract has been downloaded 1949 times                The Full PDF of this paper has been downloaded 154646 times