interaction between the scarcity of resources and the incentives for war in the presence of limited commitment is at the center of … our theory. We show that a key parameter determining the incentives for war is the elasticity of demand. Our first result … identifies a novel externality that can precipitate war: price-taking firms fail to internalize the impact of their extraction on …

interaction between the scarcity of resources and the incentives for war in the presence of limited commitment is at the center of … our theory. We show that a key parameter determining the incentives for war is the elasticity of demand. Our first result … identifies a novel externality that can precipitate war: price-taking firms fail to internalize the impact of their extraction on …

is on the interaction between the scarcity of resources and the incentives for war in the presence of limited commitment …. We show that a key parameter determining the incentives for war is the elasticity of demand. Our first result identifies … a novel externality that can precipitate war: price-taking firms fail to internalize the impact of their extraction on …

interaction between the scarcity of resources and the incentives for war in the presence of limited commitment is at the center of … our theory. We show that a key parameter determining the incentives for war is the elasticity of demand. Our first result … identifies a novel externality that can precipitate war: price-taking firms fail to internalize the impact of their extraction on …