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Sanction Initiation and Continuance: Enter Game Theory

In: Economic Sanctions

Author

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  • Robert Eyler

Abstract

Sanctions act like wars of attrition. The sender attempts to manipulate the target’s wealth and income such that the target acquiesces and give up its prey. Instead of lions fighting over a gazelle in the sub-Saharan plains, the prey is the ability to engage in human rights abuses, aboveground nuclear testing, invasion of a neighbor, technology piracy, and so on. As embargoes continue to be acts of diplomacy, costs mount on both sides and reduce the benefits of respective actions: the deviant behavior of the target and the sender’s economic statecraft. The imposition of sanctions represents a deadweight loss of utility for both nations, providing an incentive to reach an agreement before imposition (Drezner 2003, 644).

Suggested Citation

  • Robert Eyler, 2007. "Sanction Initiation and Continuance: Enter Game Theory," Palgrave Macmillan Books, in: Economic Sanctions, chapter 0, pages 35-58, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-61000-2_3
    DOI: 10.1057/9780230610002_3
    as

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