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We study the evolution of the social norm of "cooperation" in a dynamic environment. Each agent lives for two periods … completely drives equilibrium play, leading to a social norm of high or low cooperation. In intermediate cases, the impact of … leverage their greater visibility to influence expectations of future agents and overturn social norms of low cooperation. We …
Persistent link: https://www.econbiz.de/10012461578
Voters often dismantle constitutional checks and balances on the executive. If such checks and balances limit presidential abuses of power and rents, why do voters support their removal? We argue that by reducing politician rents, checks and balances also make it cheaper to bribe or influence...
Persistent link: https://www.econbiz.de/10012461364
conflict when defense capability is fixed, but may allow for security and prosperity when defense capability is endogenous … of conflict and stagnation. We illustrate the model by analyzing the rise of civilization in Sumeria and Egypt, the first …
Persistent link: https://www.econbiz.de/10012456842
We propose a model of cycles of distrust and conflict. Overlapping generations of agents from two groups sequentially … a sequence of bad actions originated. Assuming that both sides are not extremists, spirals of distrust and conflict get … this mechanism can be useful in interpreting cycles of ethnic conflict and international war, and how it also emerges in …
Persistent link: https://www.econbiz.de/10012460403