A model of bargaining embedded within a random-walk model of warfare is developed. The conflict model contains aspects of both lottery-based and war-of-attrition models of conflict. Results show that future disputes are less likely to lead to armed conflict following long rather than short wars....

Mark Fey and Kristopher Ramsay (2006) take issue with the presentation of how players' beliefs diverge in “Bargaining and the Nature of War†(Smith and Stam 2004). In that article, the authors constructed a model of bargaining between two nations in which the nations have noncommon...