| Summary/Abstract |
If a declining state has incentives for preventive war, the rising state should have incentives to delay a confrontation until it is stronger. We develop the theoretical paradox and examine the July 1914 crisis. Why did Russia, rising relative to Germany, not adopt a buying-time strategy? We argue that although most Russian leaders hoped to avoid a confrontation, they feared that the failure to support Serbia would lead to a loss of Russian credibility and a significant setback to Russia’s position in the Balkans, one that could not easily be reversed, even with Russia’s expected increase in relative military power.
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