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The purpose of this paper is to contribute to our understanding of the dynamics of struggles over resources by studying a game between a producer that can guard and buy fortifications and a pirate. It is assumed that the returns from defence and raiding depends on the ratio of the resources...
Persistent link: https://www.econbiz.de/10005342586
The purpose of this paper is to get some fresh insights into social choice problems by treating the aggregation procedure as a continuous ordering of the reports individuals give of the value they attach to different states of the world where these reports are treated as a continuous path in n...
Persistent link: https://www.econbiz.de/10005342594
Social choice is studied in this paper as a mapping from information on utilities over states of the world to an ordering of those states of the world. The idea of using this type of information originates in the work of Sen and Roberts. This paper differs in that it uses theorems from analysis...
Persistent link: https://www.econbiz.de/10005170446
Competition between political parties is a process that unfolds over time whereas formal theories of party competition have tended to take an essentially static, or one-shot, approach. This leaves some gaps in our understanding of the dynamics of campaigning. The aim of this paper is to make up...
Persistent link: https://www.econbiz.de/10005170450
Suppose individuals get utilities from the total amount of wealth they hold and from their wealth relative to those immediately below them. This paper studies the distribution of wealth that maximizes an additive welfare function made up of these utilities. It interprets wealth distribution in a...
Persistent link: https://www.econbiz.de/10005702924