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potential. Applications include international conflict, litigation, and elections. Even though only a peaceful agreement avoids … a loss of resources, if this loss is small enough, then any contract must assign a positive probability of conflict. We … show how the likelihood of conflict outbreak depends on the distribution of power between the agents and their information …
Persistent link: https://www.econbiz.de/10010365867
nations, as in a strategic game of international conflict handing over military spending decisions to citizens who face a …
Persistent link: https://www.econbiz.de/10011452800
We consider a two-player contest for a prize of common but uncertain value. We show that less resources are spent in equilibrium if one party is privately informed about the value of a prize than if either both agents are informed or neither agent is informed. Furthermore, the uninformed agent...
Persistent link: https://www.econbiz.de/10010307000
potential. Applications include international conflict, litigation, and elections. Even though only a peaceful agreement avoids … a loss of resources, if this loss is small enough, then any contract must assign a positive probability of conflict. We … show how the likelihood of conflict outbreak depends on the distribution of power between the agents and their information …
Persistent link: https://www.econbiz.de/10010333775
nations, as in a strategic game of international conflict handing over military spending decisions to citizens who face a …
Persistent link: https://www.econbiz.de/10011480439
Persistent link: https://www.econbiz.de/10000683417
Persistent link: https://www.econbiz.de/10009567934
Persistent link: https://www.econbiz.de/10001607823
Persistent link: https://www.econbiz.de/10001767025
Persistent link: https://www.econbiz.de/10001486539