Kimbrough, Erik; Sheremeta, Roman; Shields, Timothy - Volkswirtschaftliche Fakultät, … - 2013
which conflict between asymmetric agents can be resolved. We model conflict as a two-agent rent-seeking contest for an …Due to the high costs of conflict both in theory and practice, we examine and experimentally test the conditions under … indivisible prize. Before conflict arises, both agents may agree to allocate the prize by fair coin flip to avoid the costs of …