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Hegemons, Leaders and Followers: A Game-Theoretic Approach to the Postwar Dynamics of International Political Economy

Journal of World-Systems Research

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Title Hegemons, Leaders and Followers: A Game-Theoretic Approach to the Postwar Dynamics of International Political Economy
 
Creator Hausken, Kjell
Plumper, Thomas
 
Description The article introduces the concept of hegemony to leadership theory, which has developed mainly as a critique of hegemonic stability theory. We argue that it makes sense to combine the two theories by introducing the concept of 'size' into neoliberal thinking about International Political Economy. We accept the neo-institutional hypothesis that a hegemon is not needed to provide public goods, and demonstrate with non-cooperative games how multiple leaders may jointly provide public goods. A game-theoretic model is developed illustrating with Nash equilibria the conditions under which a hegemon rationally switches from hegemony to leadership. It also shows why followers rationally switch from free-riding in their consumption of the public goods to taking part in leading, in the sense of contributing to covering the cost of the production of the public goods. The emergence of joint leadership leads to multiple equilibria in the sense of allowing for multiple stable leadership constellations. The actors are in a mixed-motive or coordination game where they have different preferences for the equilibria, and thus different preferences for which strategies to choose, and for who is to take part in covering the cost of the production of the public goods. Two aspects of joint leadership 'after hegemony' are treated, namely coercive and benevolent leadership on the one hand, and collective action in the sense of joint leadership on the other hand. Finally, future leadership constellations and the quest for international order are discussed.
 
Publisher University Library System, University of Pittsburgh
 
Date 1997-02-26
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://jwsr.pitt.edu/ojs/index.php/jwsr/article/view/118
10.5195/jwsr.1997.118
 
Source Journal of World-Systems Research; Volume 3, Issue 1, 1997; 35-93
1076-156X
 
Language eng
 
Relation http://jwsr.pitt.edu/ojs/index.php/jwsr/article/view/118/130
 
Rights Copyright (c) 2015 Kjell Hausken, Thomas Plumper
http://creativecommons.org/licenses/by/4.0