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In the game theory literature, Garrett Hardin's famous allegory of the tragedy of the commons has been modeled as a variant of the Prisoner's Dilemma, labeled the Herder Problem (or, sometimes, the Commons Dilemma). This brief paper argues that important differences in the institutional...
Persistent link: https://www.econbiz.de/10012724749
information and direct asymmetric externalities. Following a non-cooperative approach we study the negotiations process which …
Persistent link: https://www.econbiz.de/10010861639
The article outlines a game-theoretic framework that can be used to analyze the nature and outcomes of independence movements in disputed or occupied regions. It is seen that the nature of an independence movement depends on a complex interplay among personal characteristics of movement leaders,...
Persistent link: https://www.econbiz.de/10010941326
A contest is a situation in which individuals or groups expend costly resources while competing to win a specific prize. The variety of economic situations that can be described as contests has attracted enormous attention from economic theorists. Despite the extensive theoretical research of...
Persistent link: https://www.econbiz.de/10011259262
Many procedures have been suggested for the venerable problem of dividing a set of indivisible items between two players. We propose a new algorithm (AL), related to one proposed by Brams and Taylor (BT), which requires only that the players strictly rank items from best to worst. Unlike BT, in...
Persistent link: https://www.econbiz.de/10011260855
In many kinds of bilateral negotiations the resolution of the issues at stake has an impact which extends beyond the … remits of the parties directly involved (e.g. labour negotiations in sectors of public interest, where a strike would impact … on the public at large). Once this is recognised, negotiations ought to account for the interests of such stakeholder …
Persistent link: https://www.econbiz.de/10005233872
In this paper we show how the study of asymmetric R\&D alliances, that are those between young and small firms and large and MNEs firms for knowledge exploration and/or exploitation, requires the adoption of a coopetitive framework which consider both collaboration and competition. We draw upon...
Persistent link: https://www.econbiz.de/10009652942
This paper studies the strategic role of extremism within a two-country multi-stage game and shows that, in general, an equilibrium exists in which extremism is used by both rivals. We show that often changes in the environment affect the two countries differently. Specifically, as a country...
Persistent link: https://www.econbiz.de/10010556680
Moral Sentiments and Material Interests presents an innovative synthesis of research in different disciplines to argue that cooperation stems not from the stereotypical selfish agent acting out of disguised self-interest but from the presence of "strong reciprocators" in a social group....
Persistent link: https://www.econbiz.de/10005756499
This article exposes key aspects for the theoretical analysis of the political reality in Colombia in moments of severe derived social uncertainty of the conflict and the fork of serious dilemmas on the institutional order that comes from political campaigns influenced decisively by the...
Persistent link: https://www.econbiz.de/10008561143