- Consulting Editors
- The Oxford Handbook of The Economics of Peace and Conflict
- Economic Perspectives on Peaceand Conflict
- Informational Aspects of Conflict
- Commitment Problems and Shifting Poweras a Cause of Conflict
- Bargaining and Conflict with Incomplete Information
- The Hobbesian Trap
- Religion, Conflict, and Cooperation
- Comparing Polarization Measures
- Inequality, Polarization, and Conflict
- On the Causes of Civil War
- Reflections on Africa’s Wars
- Methods For Measuring Aggregate Costs Of Conflict
- How Many Bucks in a Bang: On the Estimation of the Economic Costs of Conflict
- Estimating the Costs of War: Methodological Issues, with Applications to Iraq and Afghanistan
- Estimating the Human Costs of War: The Sample Survey Approach
- Mental Health In The Aftermath Of Conflict
- Measuring the Economic Costs of Terrorism
- Assessing the Effects of Military Expenditures on Growth
- The Economic Welfare Cost of Conflict: An Empirical Assessment
- Technologies of Conflict
- Endogenous Formation of Alliances in Conflicts
- Conflicts with Multiple Battlefields
- Laboratory Experiments on Conflict
- War, Trade, and Natural Resources: A Historical Perspective
- Trade in the Shadow of Power
- Conflict and Policy in General Equilibrium: Insights from a Standard Trade Model
- The Use of Coercion in Society: Insecure Property Rights, Conflict, and Economic Backwardness
- War and Poverty
- Aggressive Elites and Vulnerable Entrepreneurs: Trust and Cooperation in the Shadow of Conflict
- Globalization and International Conflict: Can Foreign Direct Investment Increase Cooperation Among Nations?
- National Borders, Conflict and Peace
- Political Institutions and War Initiation: The Democratic Peace Hypothesis Revisited
- Why Follow the Leader? Collective Action, Credible Commitment, and Conflict
- Conflict-Inhibiting Norms
Abstract and Keywords
This article analyzes informational issues that emerge in a contest model of conflict, a model in which the outcome of open conflict depends on the relative military capabilities of the adversaries using a traditional Bayesian game-theoretic approach. It provides an introduction to the topic along with insights into how conflict can emerge in settings with informational asymmetries. The article deals with issues of asymmetric information about players' utility from winning; their costs of producing effort; abilities; and what private information about aggressive potential implies for the probability of outbreak of outright conflict instead of peaceful settlement.
Karl Wärneryd is Associate Professor in the Department of Economics at the Stockholm School of Economics.
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