| Publication |
2011.
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| Summary/Abstract |
We develop a model of repeated conflict that features probabilistic winner-take-all outcomes and compare its dynamics to the dynamics generated by a similar deterministic model in which combatants divide the conflict spoils. While these models generate the same behavior in a one-shot game, in a repeated setting the winner-take-all model generates richer dynamics than the dynamics generated by the deterministic model, which are new to the economics literature on conflict. As in real-world conflicts, the winner-take-all model generates changes in the relative dominance of combatants, full mobilization of fighting resources, and endogenous surrender. We evaluate the implications for the literature.
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