An equilibrium model of advertising, production and exchange is developed. Sellers advertise and produce. In contrast … good (or money) in exchange. The total numbers of sellers of the two types determine the total production. The total number …

The tradeoff between production and safety investment is scrutinized for two agents who convert resources into … production and safety investment while simultaneously exchanging goods voluntarily. We quantify how two Cobb-Douglas parameters …, one scaling production versus safety, and the other scaling the relative importance of two goods, impact two agentsâ …

production and conflict model. Six economics examples illustrate the unrealistic implications of rent seeking analysis. …

A company allocates a resource between safety effort and production. The government earns taxes on production. The … on governments’ safety efforts. With sufficiently large production, the government prefers, and the company does not … rides when the unit production cost is low so that the large profits outweigh the negative impact of the disaster. With …

In Hirshleifer's (1995) model for unitary actors, combined fighting/production abruptly breaks down when inter … action problem, this article gives the opposite result that fighting/production is stable also for large decisiveness … parameters (above one) and strict income requirements for each agent. The stable fighting/production equilibrium gets gradually …

A two-period exchange model is developed where production decisions in the first period determine the amount of … resources available in the second period. Each agent allocates resources to defend its production and attack the production of … the other agent. Production, conflict and exchange occur simultaneously in a dynamic model. This extends earlier exchange …