BIER, VICKI; OLIVEROS, SANTIAGO; SAMUELSON, LARRY - In: Journal of Public Economic Theory 9 (2007) 4, pp. 563-587
We study a strategic model in which a defender must allocate defensive resources to a collection of locations and an attacker must choose a location to attack. In equilibrium, the defender sometimes optimally leaves a location undefended and sometimes prefers a higher vulnerability at a...