Showing 1 - 10 of 192
This paper studies dynamic, endogenous institutional change. We introduce the class of dynamic political games (DPGs), dynamic games in which future political aggregation rules are decided under current ones, and the resulting institutional choices do not affect payoffs or technology directly. A...
Persistent link: https://www.econbiz.de/10005062355
This paper examines existence of Markov equilibria in the class of dynamic political games (DPGs). DPGs are dynamic games in which political institutions are endogenously determined each period. The process of change is both recursive and instrumental: the rules for political aggregation at date...
Persistent link: https://www.econbiz.de/10005407586
advantage in the conflict or that the joint production process exhibits increasing returns. Nor is there any presumption that …, the formation of alliances tends to reduce the severity of the conflict over the contestable resource. Furthermore …, despite the internal conflict that arises among the winning alliance’s members over the distribution of their joint product …
Persistent link: https://www.econbiz.de/10005126004
fact destroy cooperation when it would otherwise be possible. …
Persistent link: https://www.econbiz.de/10005550938
For groups that must make several decisions of similar form, we define a simple and general mechanism that is designed to promote social efficiency. The mechanism links the various decisions by forcing agents to budget their representations of preferences so that the frequency of preferences...
Persistent link: https://www.econbiz.de/10005077065
This paper develops a positive analysis of stable group formation, highlighting the role of conflict management within … groups. The analysis is based on a model of sequential conflict, starting with a "winner- take-all" contest for control of … joint production process. While reducing the severity of conflict over the contestable resource relative to the case of …
Persistent link: https://www.econbiz.de/10005125868
thus lessen the severity of the conflict at home. However, unless the marginal return from guarding against terrorism is … security among the groups against external threats and a greater conflict between them in the domestic struggle for power. …
Persistent link: https://www.econbiz.de/10005125931
We examine how globalization affects trade patterns and welfare when conflict prevails domestically. We do so in a …'). Thus, conflict is viewed as ultimately stemming from imperfect property-rights enforcement. When comparing autarky with … conflict. We find that importers of the contested resource gain unambiguously. By contrast, exporters of the contested resource …
Persistent link: https://www.econbiz.de/10005408071
We present a general model of two players contest with two types of efforts. Contrary to the classical models of contest, where each player chooses a unique effort, and where the outcome depends on the efforts of all the players, contestants are allowed to reduce the effort of the opponent....
Persistent link: https://www.econbiz.de/10005560971
This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...
Persistent link: https://www.econbiz.de/10005126234