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We propose a theory of con ict in which actors balance the opportunity costs of ghting with the fear of being attacked. By mobilizing, an agent foregoes returns to her peacetime economic activity, but she can seize resources and protect herself from an attack. Opportunity costs change with the...
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We consider a game between a principal, an agent, and a monitor in which the principal would like to rely on messages by the monitor to target intervention against a misbehaving agent. The difficulty is that the agent can credibly threaten to retaliate against likely whistleblowers in the event...
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This paper brings together results which are required in order to extend the global games approach to settings where the game structure is endogenous. More precisely, it shows that the selection argument of Carlsson and van Damme [Global games and equilibrium selection, Econometrica 61(5) (1993)...
Persistent link: https://www.econbiz.de/10005146241
We study the design of randomized controlled experiments when outcomes are significantly affected by experimental subjects' unobserved effort expenditure. While standard randomized controlled trials (RCTs) are internally consistent, the unobservability of effort compromises external validity. We...
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