probability of war in an incomplete information game. This result is strongly consistent with existing empirical analyses of the …

A multi-stage model on the course of war is presented: Individual battles are modeled as private value all-pay auctions … with asymmetric combatants of two opposing teams. These auctions are placed within a multi-stage framework with a tug-of-war … models of militarized conflicts, yields new theoretical justification for existing empirical findings with respect to war, and …

aftermath of major wars. Motivated by this fact, we offer a theory of political transitions which focuses on the impact of … evidence consistent with our theory is also provided. …

banker Filippo Strozzi - to the French war effort in the last two decades of the Ital- ian Wars. A contribution based on … consolidated relationships with a widespread network of financiers. These tools were essential in a war of attrition - such as the …

Based on the ordonomic approach, this essay explores five questions: 1. What is war propaganda? 2. Why is it successful …

immediate theaters of war alone, real GDP falls by an average of 30 percent five years after the start of the war, while … inflation rises by up to 15 percentage points. Further war costs are added to neighboring countries and countries further away … by the war in Ukraine. The authors expect a cumulative GDP loss in Ukraine of around 120 billion US dollars by 2026. The …