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한국개발연구

한국개발연구

Conflict in the Shadow of Conflict

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  • 저자 방세훈, 김재수
  • 발행일 2016/12/30
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요약 We study how an advantage given to an interim winner in sequential conflicts characterizes dynamic competition between players and influences their payoffs. As the intensity of competition during each period is negatively correlated, perfect security is not necessarily desirable for contending parties. We present results which are widely applicable to various types of dynamic competition, where competition in each period is linked to the interim winner’s relative advantage. Policy implications are also discussed in a variety of areas, and several extensions are explored.

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