Esteban, Joan Mª; Sákovics, József - Barcelona Graduate School of Economics (Barcelona GSE) - 2003
We analyze a model of conflict with endogenous choice of effort, where subsets of the contenders may force the … resolution to be sequential: First the alliance fights it out with the rest and in case they win later they fight it out among … themselves. For three-player games, we find that it will not be in the interest of any two of them to form an alliance. We obtain …