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The Boulding-Richardson Model Revisited

Author

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  • Beckmann, Klaus

    (Helmut Schmidt University, Hamburg)

  • Gattke, Susan

    (Helmut Schmidt University, Hamburg)

  • Reimer, Lennart

    (Helmut Schmidt University, Hamburg)

Abstract

We review, and extend, one of the classic dynamic models of conflict in economics by Richardson (1919) and Boulding (1962). It turns out that the stability properties of the model change if one takes a more realistic “incrementalist” view, and that chance / friction can easily be incorporated into the standard model by defining a probability of (de-)escalation. This analysis is not just a study in the history of economic thought, but also relevant for the development of simulation models for the analysis of conflict dynamics.

Suggested Citation

  • Beckmann, Klaus & Gattke, Susan & Reimer, Lennart, 2015. "The Boulding-Richardson Model Revisited," Working Paper 159/2015, Helmut Schmidt University, Hamburg.
    • Handle: RePEc:ris:vhsuwp:2015_159
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    Cited by:

    1. Beckmann, Klaus B., 2017. "Bounded rationality in differential games," Working Paper 178/2017, Helmut Schmidt University, Hamburg.
    2. Bantle, Melissa & Muijs, Matthias, 2018. "A new price test in geographic market definition – an application to german retail gasoline market," Working Paper 180/2018, Helmut Schmidt University, Hamburg.

    More about this item

    Keywords

    conflict dynamics; psychology of aggression; escalation; stability; patterns of conflict;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions

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