potential. Applications include international conflict, litigation, and elections. Even though only a peaceful agreement avoids … a loss of resources, if this loss is small enough, then any contract must assign a positive probability of conflict. We … show how the likelihood of conflict outbreak depends on the distribution of power between the agents and their information …

advantage in the final stage. We examine such momentum in conflict scenarios and investigate how valuable it must be to avoid a …, rent dissipation in the two-stage conflict is equal across party whether or not an individual obtains first-stage momentum … as useful conflict benchmarks, they dissipate additional expected contest rents. This additional rent-dissipative toll …