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We consider a differential game of a conflict between two factions who both have a desire to exact revenge. We show …-Palestinian conflict. We also discuss the implications of revenge-dependent preferences for welfare economics and their strategic value as …
Persistent link: https://www.econbiz.de/10005094263
such as race, gender, or ethnicity is much less acceptable. Why? I develop a simple rent-seeking model of conflict which is …
Persistent link: https://www.econbiz.de/10005094272
I study a two-period model of conflict with two combatants and a third party who is an ally of one of the combatants …. There exist perfect Bayesian equilibria in which the third party’s intervention worsens the conflict by energizing her ally … to withdraw from or stay in the conflict is based on her prior beliefs and not on the current conditions of the conflict …
Persistent link: https://www.econbiz.de/10005034639
Economists typically evaluate policies based on how such policies affect individuals’ utilities. We follow this approach by taking a welfarist view of the USA’s espoused policy of promoting liberty in other parts of the world. However, we take a nuanced view by investigating the type of...
Persistent link: https://www.econbiz.de/10008833936
I consider a model in which an asset owner must decide how much to invest in his asset mindful of the fact that an encroacher’s valuation of the asset is increasing in the asset owner’s investment. Due to incomplete property rights, the encroacher and asset owner engage in a contest over the...
Persistent link: https://www.econbiz.de/10005013039