The Boulding-Richardson model revisited

Publication date
2015
Document type
Working paper
Author
Gattke, Susan
Reimer, Lennart
Organisational unit
Keyword
Conflict dynamics
Escalation
Stability
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.
Version
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