Addison, Tony; Billon, Philippe Le; Murshed, S. Mansoob - In: Journal of African Economies 11 (2002) 3, pp. 365-386
War provides economic opportunities, such as the capture of valuable natural resources, that are unavailable in peacetime. However, belligerents may prefer low-intensity conflict to total war when the former has a greater pay-off. This paper therefore uses a two-actor model to capture the...