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In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10011600156
In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10011324912
In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10005385474
of alliance formation in any equilibrium. In this case there exists a pooling equilibrium without alliances with a unique …
Persistent link: https://www.econbiz.de/10010487967
Two individuals are involved in a conflict situation in which preferences are ex ante uncertain. While they eventually learn their own preferences, they have to pay a small cost if they want to learn their opponent's preferences. We show that, for sufficiently small positive costs of information...
Persistent link: https://www.econbiz.de/10011412685
This is a game-theoretic analysis of the link between regime type and international conflict. The democratic electorate can credibly punish the leader for bad conflict outcomes, whereas the autocratic selectorate cannot. For the fear of being thrown out of office, democratic leaders are (i )...
Persistent link: https://www.econbiz.de/10003723925
We consider a persuasion game where multiple experts with potentially conflicting self-interests attempt to persuade a decision-maker, or, a judge. The judge prefers to take an action that is most appropriate given the true state of the world but the experts' preferences over the actions (i.e.,...
Persistent link: https://www.econbiz.de/10013128237
The literature on imperfectly discriminating contests has almost exclusively focused on complete information. We study such contests assuming players have private information. We identify a general class of imperfectly discriminating contests for which findings by Athey (2001) imply the...
Persistent link: https://www.econbiz.de/10013069614
We consider a variant of the Tullock lottery contest. Each player's constant marginal cost of effort is drawn from a potentially different continuous distribution. In order to study the impact of incomplete information we compare three informational settings to each other: players are either...
Persistent link: https://www.econbiz.de/10013070148
How can a single player defend against the threat of a coordinated attack by a group? For example, how can a central bank defend a currency peg against speculators, a government against a revolution or a prison warden against a breakout? Bentham (1787) proposed an innovative prison concept based...
Persistent link: https://www.econbiz.de/10013014971