War and Conflict in Economics: Theories, Applications, and Recent Trends

50 Pages Posted: 24 Jul 2017

See all articles by Erik O. Kimbrough

Erik O. Kimbrough

Chapman University - The George L. Argyros School of Business & Economics

Kevin Laughren

Simon Fraser University (SFU)

Roman M. Sheremeta

Case Western Reserve University

Date Written: July 6, 2017

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

JEL Classification: D72, D74, F51, F52, F54, H56, N4, Q34

Suggested Citation

Kimbrough, Erik O. and Laughren, Kevin and Sheremeta, Roman M., War and Conflict in Economics: Theories, Applications, and Recent Trends (July 6, 2017). Journal of Economic Behavior and Organization, Forthcoming. Available at SSRN: https://ssrn.com/abstract=3005526

Erik O. Kimbrough (Contact Author)

Chapman University - The George L. Argyros School of Business & Economics ( email )

One University Dr
Orange, CA 92866
United States

Kevin Laughren

Simon Fraser University (SFU) ( email )

8888 University Drive
Burnaby, British Columbia V5A 1S6
Canada

Roman M. Sheremeta

Case Western Reserve University ( email )

10900 Euclid Ave.
Cleveland, OH 44106
United States

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