POLI 360 Lecture 4: Poli 360a Jan 10
Document Summary
Poli 360a: security studies (lecture 4) (cid:498)why didn(cid:495)t they bargain and make a deal instead of fighting? (cid:499) Given the costs of war, it often benefits both parties to bargain before fighting, but war happens anyways. > oftentimes, states end up worse off by fighting than if they had bargained. 2 people, a & b, bargaining how to split . Cost of fighting is - each, no matter what. If they fight, each has a 50% of winning the whole (use expected utility to solve, from last lecture) Any bargain that offers either side more than should be accepted! *** interstate war can be understood as the breakdown of bargaining between states *** When the cost of fighting increases, a(cid:495)s minimum demand decreases, because the expected value of fighting goes down as the costs a must incur to win the fight become greater.
