Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/123437 
Authors: 
Year of Publication: 
2012
Series/Report no.: 
WWZ Discussion Paper No. 2012/12
Publisher: 
University of Basel, Center of Business and Economics (WWZ), Basel
Abstract: 
A multi-stage model on the course of war is presented: Individual battles are modeled as private value all-pay auctions with asymmetric combatants of two opposing teams. These auctions are placed within a multi-stage framework with a tug-of-war structure. Such framing provides a microfounded rationale for the use of the popular logit Tullock contest success function in models of militarized conflicts, yields new theoretical justification for existing empirical findings with respect to war, and provides new hypotheses regarding strategic battlefield behavior.
Subjects: 
Auction
War
Multi-Stage Contest
Tug-of War
Tullock Contest Success Function
Microfoundation
JEL: 
D74
F51
H56
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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