Smith, Adam C.; Houser, Daniel; Leeson, Peter T.; … - In: Journal of Economic Behavior & Organization 97 (2014) C, pp. 61-71
Violent conflict destroys resources. It generates “destruction costs.” These costs have an important effect on … individuals’ decisions to cooperate or conflict. We develop two models of conflict: one in which conflict's destruction costs are … independent of individuals’ investments in “arms”—the tools of conflict—and another in which conflict's destruction costs depend …