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Russia is not a full-fledged autocracy, and Vladimir Putin does not face the serious political competition on a regular basis. It would seem that this insulates him from the costs of war, which might put additional strain on the current bargaining situation with Ukraine.
Fortunately, even a leader that internalizes zero costs of war still has incentive to negotiate an agreement to avoid war. The real problem arises when a leader has an active benefit from fighting. Unfortunately, this is sometimes the case with autocrats.
But there is also a countervailing incentive at play. Autocratic leaders who leave power more often go into exile, go to jail, or are killed. This makes stable autocrats more reluctant to fight, as a poor outcome could expose them to coups that were otherwise implausible. Without a better understanding of internal Russian politics, it is difficult to predict whether Russia's regime structure makes war more or less likely.
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