• Corpus ID: 102336628

A critique of the Richardson equations

  title={A critique of the Richardson equations},
  author={Klaus B. Beckmann and Susan Gattke and Anja Lechner and Lennart Reimer},
We review, and extend, one of the classic dynamic models of conflict in economics by Richardson (1919) and Boulding (1962). Restrictions on parameters are relaxed to account for alliances and for peace-keeping, yielding new dynamic patterns of conflict. In addition, we explore an incrementalist version of the model as well as a stochastic one and show how this affects its theoretical stability properties. Using Monte Carlo techniques as well as time series analyses based on GDELT data (for the… 

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