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Wars of conquest and wars of independence are characterized by an asymmetric payoff structure: one party gets aggregate production if it wins, and its own production if it loses, while the other party gets only its own production if it wins, and nothing if it loses. We study a model of war with...
Persistent link: https://www.econbiz.de/10010317050
We study a model of war in which the outcome of the war is uncertain from the perspective of the involved countries not because of luck on the battlefield (as in standard models) but because of their lack of information about their opponents. In our model there are two countries characterized by...
Persistent link: https://www.econbiz.de/10010270185