DP4245 Easy Targets and the Timing of Conflict
|Author(s):||Helmut Bester, Kai A. Konrad|
|Publication Date:||February 2004|
|Keyword(s):||easy targets, timing of conflict, war|
|JEL(s):||B31, D74, H77|
|Programme Areas:||Public Economics|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=4245|
Contestants have to choose whether to initiate a contest or war, or whether to remain peaceful for another period. We find that agents wait and initiate the contest once their rival is sufficiently weak to be an easy target.