chapter  7
22 Pages

Thomas Schelling and strategic bargaining

If Hans Morgenthau expounded the fundamental tenets of realism and described its principal strategies, Thomas Schelling theorized its tactics.1 He pioneered the study of strategic bargaining, which describes how states can exploit military, economic and other relative advantages to advance their interests through favorable bargaining outcomes. Like his illustrious predecessor, Schelling is the father of a research tradition that is well-represented in international relations and allied fields. His ideas have also had considerable impact in the policy community, where they continue to shape the way in which policymakers seek to influence adversaries. He received a peace medal from the National Academy of Science and in October 2005, was co-recipient of the Nobel Prize in economics.