000 01490naa a2200169uu 4500
001 5061414453810
003 OSt
005 20190211160002.0
008 050614s2005 xx ||||gr |0|| 0 eng d
100 1 _aPOWELL, Robert
_921361
245 1 0 _aThe Inefficient use of power :
_bcostly conflict with complete information
260 _aNew York :
_bCambridge University Press,
_cMay 2004
520 3 _aRecent work across a wide range of issues in political economy as well as in American, comparative, and international politics tries to explain the inefficient use of power - revolutions, civil wars, high levels of public debt, international conflictm and costly policy insulation - in terms of commitment problems. This paper shows that a common mechanism is at work in a number of these diverse studies. This common mechanism provides a more general formulation of a type of commitment problem that can arise in many different substantive settings. The present analysis the formalizes this mechanism as an "inefficiency condition" that ensures that all of the equilibria of a stochastic game are inefficient. This condition has a natural substative interpretation: Large, rapid changes in the actor´s relative powe (measured in terms of their minmax payoffs) may cause inefficiency
773 0 8 _tAmerican Political Science Review
_g98, 2, p. 231-242
_dNew York : Cambridge University Press, May 2004
_xISSN 0003-0554
_w
942 _cS
998 _a20050614
_b1445^b
_cTiago
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c13246
_d13246
041 _aeng