Conflict under the shadow of elections

In this article we study whether an elected leader has incentives to withdraw from an ongoing military conflict before elections take place. Remaining active in the conflict increases the chances of a victory, which would boost the political incumbent’s reelection probability. On the other hand, if the rival does not surrender, then the incumbent politician’s reelection probability decreases because of the costly conflict citizens have to endure. We show that when the crisis is costly to voters, the more distant the elections are, the more likely the ruling government withdraws from an ongoing war early. For low-cost conflicts, politicians never give up the fighting. We also show that confrontations in the shadow of elections are socially inefficient (too long or too short) because of the inherent misalignment of preferences between citizens and politicians.