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Information and Economic Interdependence

Bibliographic Data

ID6283511
AuthorsWilliam Reed (0000-0002-4580-485X, Department of Political Science Rice University), William L Reed (Rice University, corresponding author)
Year2003
Volume47
Issue1
Pages54-71
Publication date2003-02-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Conflict Resolution (JOURNAL)
Journal identifiersISSN: 0022-0027 • E-ISSN: 1552-8766
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0022002702239511
OpenAlexW2124138711
LanguageEN
Citations received43
References cited41

The pacifying effect of economic interdependence on conflict onset can be better understood in the context of "noisy" bargaining. Specifically, trading states bargain under less noisy conditions and, as a result, are unlikely to engage in militarized conflict. Noise is introduced into a generic take-it-or-leave-it bargaining game in the form of nonspecific asymmetric information about the defender's reservation value. Comparative statics show a positive monotonic relationship between variance in the noise term and the onset of militarized conflict. The relationships among economic interdependence, variance in the noise term, and conflict onset are evaluated with a Bayesian heteroskedastic probit model. Historical data are used to demonstrate that interdependence and uncertainty are related to each other and jointly related to the onset of militarized conflict. Uncertainty appears to be reduced by economic interdependence, and this leads to an enhanced probability of agreement short of a militarized clash

Context (archaeology · Econometrics · Economic interdependence · Economics · Microeconomics · Noise (video · Political science · Probabilistic logic · Statistics · Variance (accounting · Computer Science · Defense, Military, and Policy Studies · International Relations and Foreign Policy · Mathematics · Political Conflict and Governance

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Unique citing works43
Citations per year1,87
Citation span2003 - 2026 (24)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 43

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