Showing 1 - 10 of 980
This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents … clash in order to redistribute a divisible prize in their favour. Differently from common contest models agents have the … option of choosing a second instrument to affect the outcome of the conflict. The second instrument is assumed to capture a …
Persistent link: https://www.econbiz.de/10005835785
This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents … evaluate differently the contested stake. Differently from common contest models, agents have the option of choosing a second … instrument to affect the outcome of the conflict. The second instrument is assumed to capture positive investments in ‘conflict …
Persistent link: https://www.econbiz.de/10005835709
We consider a variant of the Tullock rent-seeking contest. Under symmetric information we determine equilibrium … the distribution costs are drawn from and on the exact specification of the contest success function. …
Persistent link: https://www.econbiz.de/10008543762
We consider a general class of imperfectly discriminating contests with privately informed players. We show that findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies.
Persistent link: https://www.econbiz.de/10008490447
contest. In both cases, when decisions to share information are made independently, sharing information is strictly dominated …
Persistent link: https://www.econbiz.de/10008492738
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 …
Persistent link: https://www.econbiz.de/10011260837
conflict and more intense fighting. …
Persistent link: https://www.econbiz.de/10011140958
This paper considers evolutionarily stable decisions about whether to initiate violent conflict rather than accepting a … of peaceful resource allocations that are rejected in favor of violent conflict, compared to the Nash equilibrium …
Persistent link: https://www.econbiz.de/10011140985
We study endogenous group formation in tournaments employing experimental three-player contests. We find that players in endogenously formed alliances cope better with the moral hazard problem in groups than players who are forced into an alliance. Also, players who are committed to expending...
Persistent link: https://www.econbiz.de/10010860231
such as race, gender, or ethnicity is much less acceptable. Why? I develop a simple model of conflict which is driven by …
Persistent link: https://www.econbiz.de/10005790266