Konferenzbeitrag
Economic Rewards versus Economic Sanctions in International Relations
I use game-theoretical models to compare a sender's expected payoff under two methods of wielding influence under incomplete information: offering rewards or threatening punishments. Attempts to influence another's behaviour can have the perverse effect of actually encouraging the behaviour that one is trying to discourage by creating, albeit different, incentives to bluff. Under a reward regime, targets can bluff in order to extort larger inducements. Under a sanction regime, targets can bluff in order to deter coercion attempts. I find that while sanctions are a weakly dominant tool of influence under complete information, rewards can be preferable under incomplete information. The sender often could do better by committing to a certain course of action for the entire duration of interaction. Moreover, using rewards and sanctions in combination can mitigate their adverse effects on targets' bluffing incentives when deploying only one instrument of influence separately.
- Sprache
-
Englisch
- Erschienen in
-
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2019: 30 Jahre Mauerfall - Demokratie und Marktwirtschaft - Session: Political Economy III ; No. E01-V2
- Klassifikation
-
Wirtschaft
Noncooperative Games
Criteria for Decision-Making under Risk and Uncertainty
Foreign Aid
International Conflicts; Negotiations; Sanctions
International Agreements and Observance; International Organizations
- Thema
-
Economic Statecraft
Rewards
Sanctions
International Relations
International Organisations
Incomplete Information
Uncertainty
Game Theory
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Brekhov, Boris
- Ereignis
-
Veröffentlichung
- (wer)
-
ZBW - Leibniz-Informationszentrum Wirtschaft
- (wo)
-
Kiel, Hamburg
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Konferenzbeitrag
Beteiligte
- Brekhov, Boris
- ZBW - Leibniz-Informationszentrum Wirtschaft
Entstanden
- 2019
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