Showing 1 - 10 of 12
familiar problem of coordination failure arises giving rise to multiple equilibria; any one of many possible trade agreements …
Persistent link: https://www.econbiz.de/10005385500
This paper develops an economic argument relating auctions to high market prices. At the core of the argument is the claim that market competition and bidding in an auction should be analyzed as part of one game, where the pricing strategies in the market subgame depend on the bidding strategies...
Persistent link: https://www.econbiz.de/10004990051
In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10005385474
For several years now, many cities across the world have undergone, for administrative and political reasons, mergers that have considerably reduced the number of municipalities on a given territory. This tendency affects various urban contexts, as evidenced by recent mergers in Toronto, Ottawa...
Persistent link: https://www.econbiz.de/10005385488
Are natural resources a source of conflict or stability? Empirical studies demonstrate that rents from natural … source of conflict and the rentier state view which emphasizes the role of resource rents in promoting peace and stability … activate more interest groups in a power struggle. We demonstrate that the associated increased cost of conflict may in fact …
Persistent link: https://www.econbiz.de/10008467319
We show that the distinction between Self and Other, ‘us’ and ‘them,’ or in-group and out-group, affects significantly economic and social behavior. In a series of experiments with approximately 200 Midwestern students as our subjects, we found that they favor those who are similar to...
Persistent link: https://www.econbiz.de/10005423088
We investigate the role of networks of military alliances in preventing or encouraging wars between groups of countries. A country is vulnerable to attack if there is some fully-allied group of countries that can defeat that country and its (remaining) allies based on a function of their...
Persistent link: https://www.econbiz.de/10010781879
protocol or a conflict to appropriate the surplus. In the cooperative negotiations, disagreement corresponds to a pro rata … which conflict will be preferred to negotiated agreements (and vice versa), and we derive welfare implications. Finally, we …
Persistent link: https://www.econbiz.de/10008674333
, various caste groups within the Hindus and migrant workers ensured a diversity of culture and lifestyle. This is especially … of an unbelievabld dimension broke out between Hindus and Muslims. This was not a conflict arising out of migration of … turn became a new source of conflict. There never is a set formula about the relationship between cultural diversity and …
Persistent link: https://www.econbiz.de/10005230926
. Other attractions are based on the physical landscape of the country and the culture of the people. Unfortunately, the full … potential of culture-based attractions has not been exploited. The over-concentration of tourism activities in wildlife …
Persistent link: https://www.econbiz.de/10005423219