In a canonical model of military conflict, victory and defeat depend stochastically on the difference of resources … deployed by the conflict parties. The present paper offers a comprehensive analysis of that model. The unique Nash equilibrium … conflict and, less often so, of its resolution. The formal derivation exploits the variation-diminishing property of higher …

involved in policy-making, potentially having a large impact on economic outcomes. This paper examines the role of the military … in setting policy. For this purpose it develops one of the first models of the military, where its political involvement … can take two forms: Direct when the military runs the government, and indirect when it influences policy without governing …

involved in policy-making, potentially having a large impact on economic outcomes. This paper examines the role of the military … in setting policy. For this purpose it develops one of the first models of the military, where its political involvement … can take two forms: direct when the military runs the government, and indirect when it influences policy without governing …