We study deterrence in sequential move conflicts, modeled as a contest. We bias the model in favor of peace by assuming that under complete information deterrence is achieved and peace prevails. We show that under incomplete information about states’ types (resolve) the chances of...

We study deterrence in sequential move conflicts, modeled as a contest. We bias the model in favor of peace by assuming that under complete information deterrence is achieved and peace prevails. We show that under incomplete information about states' types (resolve) the chances of deterrence...

We ask if awarding multiple prizes in a contest can be used to provide efficient incentives for the production of a public good with heterogeneous producers. With two types of individuals, efficiency can only be guaranteed if the following conditions are met: (i) the contest designer can use at...