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The Boulding-Richardson Model Revisited

Klaus Beckmann, Susan Gattke () and Lennart Reimer ()
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Susan Gattke: Helmut Schmidt University, Hamburg, Postal: Chair for Public Economics, Holstenhofweg 85, 22043 Hamburg
Lennart Reimer: Helmut Schmidt University, Hamburg, Postal: Chair for Public Economics, Holstenhofweg 85, 22043 Hamburg

No 159/2015, Working Paper from Helmut Schmidt University, Hamburg

Abstract: We review, and extend, one of the classic dynamic models of conflict in economics by Richardson (1919) and Boulding (1962). It turns out that the stability properties of the model change if one takes a more realistic “incrementalist” view, and that chance / friction can easily be incorporated into the standard model by defining a probability of (de-)escalation. This analysis is not just a study in the history of economic thought, but also relevant for the development of simulation models for the analysis of conflict dynamics.

Keywords: conflict dynamics; psychology of aggression; escalation; stability; patterns of conflict (search for similar items in EconPapers)
JEL-codes: B25 D74 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2015-06-29
New Economics Papers: this item is included in nep-cmp, nep-hme and nep-hpe
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