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Karl Wärneryd

Karl Wärneryd is Associate Professor of Economics at the Stockholm School of Economics.

Titles by This Editor

Theory and Empirical Evidence
Edited by Karl Wärneryd

Modern economics has largely ignored the issue of outright conflict as an alternative way of allocating goods, assuming instead the existence of well-defined property rights enforced by an undefined third party. And yet even in ostensibly peaceful market transactions, conflict exists as an outside option, sometimes constraining the outcomes reached through voluntary agreement. In this volume, economists offer a crucial rational-choice perspective on conflict, using methodological approaches that range from the game theoretic to the experimental.