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It takes two: an explanation of the democratic peace

By Gilat Levy and Ronny Razin

Abstract

In this Paper, we provide an explanation of the democratic peace hypothesis, i.e., the observation that democracies rarely fight one another. We show that in the presence of information asymmetries and strategic complements, the strategic interaction between two democracies differs from any other dyad. In our model, two democracies induce the highest probability of peaceful resolution of conflicts. But it takes two for peace; one democracy involved in a conflict does not necessarily increase the probability of a peaceful resolution compared to a conflict between two non-democratic regimes

Topics: JA Political science (General)
Publisher: Centre for Economic Policy Research
Year: 2003
OAI identifier: oai:eprints.lse.ac.uk:5379
Provided by: LSE Research Online
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