In a simplified nutshell, his ideal states that when two bodies are in competition for market share, then there are sets of conditions under which martial force becomes the most viable manner of improving or retaining ones power in this market.
I contributed to his presentation to the Peace Science Society with a narrative of the Anglo-Dutch wars, which I deemed to be a poignant example of the economic principle in question.
The competition for trade routes and European trade markets between Dutch and British merchant fleets, came at a time when both nations’ economies were founded on the revenue gleaned from trade, and when both nations were attempting to expand their global influence.
For both the Dutch and the British, they faced a choice between relinquishing their market share and the power that came with it, or going to war. They both chose the latter.
Professor Crescenzi presented his material at the Peace Science Society Conference last month, and was good enough to use my research as supporting material for his thesis.