War and conflict in economics: Theories, applications, and recent trends

Erik Kimbrough, Kevin Laughren and Roman Sheremeta

Journal of Economic Behavior & Organization, 2020, vol. 178, issue C, 998-1013

Abstract: We review the main economic models of war and conflict. These models vary in details, but their implications are qualitatively consistent, highlighting key commonalities across a variety of conflict settings. Recent empirical literature, employing both laboratory and field data, in many cases confirms the basic implications of conflict theory. However, this literature also presents important challenges to the way economists traditionally model conflict. We finish our review by suggesting ways to address these challenges.

Keywords: Conflict; War; Contest; All-pay auction; War of attrition (search for similar items in EconPapers)
JEL-codes: D72 D74 F51 F52 F54 H56 N4 Q34 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (31)

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Related works:
Working Paper: War and Conflict in Economics: Theories, Applications, and Recent Trends (2017)
Working Paper: War and Conflict in Economics: Theories, Applications, and Recent Trends (2017)
Working Paper: War and Conflict in Economics: Theories, Applications, and Recent Trends (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:178:y:2020:i:c:p:998-1013

DOI: 10.1016/j.jebo.2017.07.026

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