Amegashie, J. Atsu; Runkel, Marco - Volkswirtschaftliche Fakultät, … - 2008
We model an infinitely-repeated conflict between two factions who both have a desire to exact revenge for past … former may have a higher probability of success in a given period. Given a desire for revenge, we find that, the conflict … initially escalates and eventually reaches a steady state. When there is no desire for revenge, the conflict reaches a steady …