Events at CERGE-EI

Prof. Massimo Morelli

Columbia University in the City of New York, USA

Abstract: This paper provides a theory of how the frequency of war onset and war duration depend on technology and endowments when winning a war induces power shifts but the loser is not eliminated. In the model, agents take into account not only the expected consequences of war on the current distribution of resources, but also its expected consequences on the future distribution of military and political power. The key driver of war turns out to be the mismatch between military and political power, and how such a mismatch is affected by a war.

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