Install the app

Install this application on your home screen for quick and easy access when you’re on the go.

Just tap Share then “Add to Home Screen”


Install the app

Install this application on your home screen for quick and easy access when you’re on the go.

Just tap Share then “Add to Home Screen”

A timely, striking work wins our 2022 Hedley Bull Prize

We are delighted to announce that Market Power Politics: War, Institutions, and Strategic Delay in World Politics (Oxford University Press, 2021) by Stephen E. Gent and Mark J.C. Crescenzi has been awarded our 2022 Hedley Bull Prize in International Relations.

This prize is awarded annually and seeks to recognise a book which makes a substantial and original contribution to theory and/or empirical studies in any field of International Relations. It is named in honour of Hedley Bull, one of the most influential figures in the field during the second half of the twentieth century.

We have created this short video to celebrate Stephen and Mark’s achievement and to share their work with our community. Congratulations!

About the work

This book explores how market power competition between states can create disruptions in the global political economy and potentially lead to territorial aggression and war.

In some cases, institutional rules and procedures related to economic interdependence can preclude states from reaching a settlement in line with their market power ambitions. When this happens, states may opt for strategic delay and try to gradually accumulate market power over time through salami tactics. To explore how these dynamics play out empirically, the authors examine three cases of market power competition in hard commodity markets.

Find out more

About the authors

Stephen Gent is Professor of Political Science at the University of North Carolina at Chapel Hill. A specialist in the study of conflict processes and peace science, Stephen teaches courses in international relations, formal theory, and quantitative methods. His research largely focuses on the role of third parties in international and civil conflicts.

In addition to Market Power Politics, he has published more than a dozen articles in scholarly journals, including the Journal of Politics, International Studies Quarterly, the Journal of Conflict Resolution, and the Journal of Peace Research. His work on the causes and consequences of military intervention has been cited in the Washington Post and the New York Times. He has also conducted significant research on the use and effectiveness of conflict management efforts such as mediation, arbitration, and adjudication.

Stephen is a member of the Peace Science Society and the International Studies Association, as well as the Research Working Groups of the Folke Bernadotte Academy in Sweden.

Mark Crescenzi is the Nancy Hanes White Distinguished Professor in the Department of Political Science at the University of North Carolina at Chapel Hill. Mark focuses on the problems of international and civil conflict through the lens of Peace Science. His research examines the effects of markets and economic interdependence in war and military conflict, the role that state reputations play in shaping interstate dynamics in times of crisis, and the dampening effects of conflict environments on peace.

In addition to Market Power Politics, his recent publications include Of Friends and Foes: Reputation and Learning in International Politics (Oxford 2018), ‘Conflict Environments in Space and Time: Civil War Onset’ in the Journal of Global Security Studies (2020), and ‘Weathering the Storm: Good Will Reservoirs, Crisis, and Reputations for Reliability’ in Foreign Policy Analysis (forthcoming). He teaches courses in International Relations.

Mark has been a member of the Peace Science Society and the International Studies Association for over twenty-five years, and currently serves as ISA Treasurer. He has also served on the editorial boards of the American Journal of Political Science and the Journal of Politics, and currently serves as Chair of the Department of Political Science at UNC.

He tweets @mark_crescenzi

In their own words

Stephen Gent

‘It is exciting and humbling to learn that we have been awarded the Hedley Bull Prize. With Market Power Politics, we aimed to write a book that cuts across many of boundaries in the field of international relations and would be of interest to a broad audience. So it is truly an honor for the ECPR to recognize our work in this way.’

Mark Crescenzi

‘I was surprised and ecstatic to hear the news that we won the Hedley Bull Prize for Market Power Politics. We spent years putting the puzzle of this book together, and the journey took us away from our traditional forms of scholarship when the subject matter demanded a fresh approach. I am grateful to the Hedley Bull Prize committee and to the ECPR for this recognition and thrilled that our book is receiving a positive reception.’

From our jury

‘The jury praised Gent and Crescenzi’s book for its combination of a new theoretical framework for analysing how the pursuit of market power will delay cooperation between states, and its focus on aggressive territorial expansion and empirical case studies. [...] The jury noted that the book uncovers new grounds, and was selected for its striking qualities: it is comprehensive, thorough, learned and original. [...]

The book’s insights are timely and wide-ranging. It also makes an engaging and coherent read. The jury praises the authors’ ability to address a wide readership, from experienced scholars and practitioners to students of basic International Relations courses, offering room for several policy implications.’

Read full laudation

Our jury

  • Daniela Irrera ECPR Executive Committee Member
  • Carmela Lutmar representing the ECPR Standing Group of International Relations
  • Marina Henke representing the ECPR Standing Group of International Relations
  • Gëzim Visoka representing the ECPR Standing Group on Critical Peace and Conflict Studies
  • Raphael Cohen-Almagor representing the ECPR Standing Group on Human Rights and Transitional Justice
  • James Pattison representing the ECPR Standing Group on International Political Theory

Prize shortlist

Our jury is delighted to also recognise two shortlisted works of outstanding quality. These are Partial Hegemony: Oil Politics and International Order (Oxford University Press, 2021), by Jeff Colgan; and Why Nations Rise: Narratives and the Path to Great Power (Oxford University Press, 2021), by Manjari Chatterjee Miller.

Congratulations to Jeff and Manjari!



Keywords: International Relations

21 September 2022
Share this page