Showing 1 - 10 of 273
Global games of regime change -- that is, coordination games of incomplete information in which a status quo is …
Persistent link: https://www.econbiz.de/10012467670
We show that inefficiencies from having separate markets to correct an environmental externality are significantly mitigated when firms participate in an integrated product market. Firms take into account the distribution of externality prices and reallocate output from markets with high prices...
Persistent link: https://www.econbiz.de/10012453234
Committees improve decisions by pooling independent information of members, but promote manipulation, obfuscation, and exaggeration of private evidence when members have conflicting preferences. We study how self-interest mediates these conflicting forces. When members' preferences differ, no...
Persistent link: https://www.econbiz.de/10012471629
the theory in a lab experiment where two subjects negotiate how to share a resource; in case of conflict, the subjects … they translate into significant increases in conflict …
Persistent link: https://www.econbiz.de/10012482356
We examine the mechanics of deterrence and intervention when fear is a motive for conflict. We contrast results … obtained in a complete information setting, where coordination is easy, to those obtained in a setting with strategic risk … distinguish predatory and preemptive incentives as determinants of conflict. We show that while weapons have an unambiguous …
Persistent link: https://www.econbiz.de/10012464685
This paper examines reputation formation in intra-familial interactions. We consider parental reputation in a repeated two-stage game in which adolescents decide whether to give a teen birth or drop out of high school, and given adolescent decisions, the parent decides whether to house and...
Persistent link: https://www.econbiz.de/10012466799
This paper explores the power of threats in the absence of binding commitment. The threatener cannot commit to carrying out the threat if the victim refuses payment, and cannot commit to not carrying out the threat if payment is made. If exercising the threat is costly to the threatener, then...
Persistent link: https://www.econbiz.de/10012473401
: excessive arming and possibly the destruction associated with open conflict. Standard arguments in game theory suggest that more …, shows cycles of peace, arms races, and serious instances of open conflict. Long-lasting disarmed peace is rarely observed …. The paper develops a unified model of conflict that reveals possible theoretical mechanisms to produce such historical …
Persistent link: https://www.econbiz.de/10014322731
-degenerate higher-order beliefs) can lead to conflict and drive its dynamics. We develop our analysis in the context of three classic … learning about the opponent's type, as well as the possibility of conflict spirals, traps, and cycles; and a deterrence model …. We relate these models to the empirical literature and to current and historical episodes of conflict …
Persistent link: https://www.econbiz.de/10014372438
Persistent link: https://www.econbiz.de/10000330102