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On The Economic Mechanics Of Warfare

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  • Guillaume Vandenbroucke

Abstract

How do war‐related expenditures affect economically relevant outcomes at a war's conclusion (e.g., prevailing side, duration, and casualties)? I present a model of attrition and characterize the effects of resources at a military conclusion (one side cannot fight anymore) and a political conclusion (one side quits). I analyze the Pacific War through the lenses of the model, both theoretically and empirically. I find that a parsimonious parameterization reproduces the aggregate patterns of destruction, measured in ship tonnage, for both belligerents.

Suggested Citation

  • Guillaume Vandenbroucke, 2025. "On The Economic Mechanics Of Warfare," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 66(2), pages 491-526, May.
    • Handle: RePEc:wly:iecrev:v:66:y:2025:i:2:p:491-526
    DOI: 10.1111/iere.12740
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