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In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10011324912
framework where populations fight over borders and resources, and may form non-aggression pacts, military alliances, and …
Persistent link: https://www.econbiz.de/10010276759
We study the role of information exchange through alliances in a framework with contestants who have binding budget … for the Bayesian Nash equilibrium. Then we consider the role of information exchange through alliances. Contestants learn … alliance. Also, a merger between alliances is beneficial for their members. Further, we consider merger between alliances and …
Persistent link: https://www.econbiz.de/10010307679
This paper surveys some of the strategic aspects that emerge if players fight in an alliance against an enemy. The survey includes the free-rider problem and the hold-up problem that emerges in the baseline model, the role of supermodularity in alliance members' effort contributions, the role of...
Persistent link: https://www.econbiz.de/10010307683
We investigate the role of networks of military alliances in preventing or encouraging wars between groups of countries …, we show that there do not exist any networks that are stable against the addition and deletion of alliances. We then show … that economic benefits from international trade can provide incentives to form alliances in ways that restore stability and …
Persistent link: https://www.econbiz.de/10010398408
The energy transition increases the demand for minerals from ethnically diverse, conflict-prone developing countries. We study whether and where mining is possible in such countries without raising the risk of civil conflict. We proceed in three steps: First, we propose a theoretical model to...
Persistent link: https://www.econbiz.de/10014290117
The allocation of a co-owned company to a single owner using the Texas Shoot-Out mechanism with private valuations is investigated. We identify Knightian Uncertainty about the peer's distribution as the reason for its deterrent effect of an immature dissolving. Modeling uncertainty by a compact...
Persistent link: https://www.econbiz.de/10014304790
This paper studies the incentives for interim voluntary disclosure of verifiable information in probabilistic all-pay contests with two-sided incomplete information. Private information may concern marginal cost, valuations, and ability. Our main result says that, if the contest is uniformly...
Persistent link: https://www.econbiz.de/10014333781
analyzes the role of different types of prior ties between companies. The research distinguishes related alliances into direct … and indirect alliances. Related alliances provide access to more information and can reduce transaction costs. The … to private information, and certification through related alliances. However, in contrast to other studies, this study …
Persistent link: https://www.econbiz.de/10014501511
This is a game-theoretic analysis of the link between regime type and international conflict. The democratic electorate can credibly punish the leader for bad conflict outcomes, whereas the autocratic selectorate cannot. For the fear of being thrown out of office, democratic leaders are (i) more...
Persistent link: https://www.econbiz.de/10010320243