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Conflict in the Shadow of Conflict
2016
KDI Journal of Economic Policy
We study how an advantage given to an interim winner in sequential conflicts characterizes dynamic competition between players and influences their payoffs. As the intensity of competition during each period is negatively correlated, perfect security is not necessarily desirable for contending parties. We present results which are widely applicable to various types of dynamic competition, where competition in each period is linked to the interim winner's relative advantage. Policy implications
doi:10.23895/kdijep.2016.38.4.95
fatcat:vy4onatinraqvka3pfhdhxc2da