This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents … option of choosing a second instrument to affect the outcome of the conflict. The second instrument is assumed to capture a … complex bundle of Conflict Management Procedures (CMPs). Through comparative statics, different scenarios are studied. A …

adversaries. While making this effort, the likelihood of peace is uncertain and preparations for conflict are on-going. We examine … investments in conflict management. Even when all adversaries undertake sizable investments in conflict management, peace is … widely different effects. A larger number of adversaries in cases of international conflict tends to increase the likelihood …