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date: 17 October 2019

Abstract and Keywords

This article introduces economic perspectives on peace and conflict, briefly summarizes the contents of each part, and discusses future research directions. This handbook aims to bring different viewpoints, perspectives, and methods to the study of peace and conflict. A conflictual situation is one in which two or more actors engage in the choice of costly inputs that are adversarially combined against one another and generate no positive external effects for third parties. The study of peace and conflict is important from an economic perspective, not simply because it provides another area for applying the discipline's methods, but because it is integral to understanding how economies actually function. Power considerations cannot be realistically separated from markets.

Keywords: economics, peace, conflict, war, conflictual situation

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