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October 24, 2014

Homework Help: Economics

Posted by Eric on Monday, July 15, 2013 at 1:54pm.

Thomas Schelling, an expert on nuclear strategy and arms control, observed in his book The Strategy of Conflict (Cambridge, MA: Harvard University Press, 1960), "The power to constrain an adversary depends upon the power to bind oneself." Explain this statement using the concept of strategic commitment.

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