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Kovenock and Roberson’s (2010) paper has the potential to advance the research frontier, but has deficiencies. This paper suggests how Kovenock and Roberson’s (2010) paper can be developed into a more substantial paper. Kovenock and Roberson’s (2010) paper consists of three sections. The...
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Kovenock and Roberson’s (2012ab) replication of Hausken’s (2008a) equations and parameter restrictions do not enhance our insight into the defense and attack of reliability systems. This reply intends to fill the remaining understanding gaps.
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production and conflict model. Six economics examples illustrate the unrealistic implications of rent seeking analysis. …
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A company allocates a resource between safety effort and production. The government earns taxes on production. The disaster probability is modeled as a contest between the disaster magnitude and the two players’ safety efforts. The model illustrates that safety efforts are strategic...
Persistent link: https://www.econbiz.de/10010594988
for their aggregate production which is fixed for the n groups. A paradox of power, with all strong agents in a small … common non-paradox of power, with all weak agents in a small group and all strong agents in the large group, arises for a …
Persistent link: https://www.econbiz.de/10010670249
Axelord’s [(1970), Conflict of Interest, Markham Publishers, Chicago] index of conflict in 2 ×  2 games with two pure … strategy equilibria has the property that a reduction in the cost of holding out corresponds to an increase in conflict. This … means that conflict will be less frequent. This approach leads to a new power index and a new measure of stubbornness, both …
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