Jackson, Matthew O.; Morelli, Massimo - In: American Economic Review 97 (2007) 4, pp. 1353-1373
We examine how countries' incentives to go to war depend on the "political bias" of their pivotal decision makers. This bias is measured by a decision maker’s risk/ reward ratio from a war compared to that of the country at large. If there is no political bias, then there are mutually...