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We study how norms can solve distributional conflict inside a clan and the efficient coordination of collective action in a conflict with an external enemy.We characterize a fully non-cooperative equilibrium in a finite game in which a self-enforcing norm coordinates the members on efficient...
Persistent link: https://www.econbiz.de/10010264689
. Der Fokus liegt dabei auf dem Verteilungskonflikt zwischen dem Management und den Kapitalgebern über die Höhe der …
Persistent link: https://www.econbiz.de/10013188320
Effekt gehabt zu haben. Die privaten Schifffahrtsunternehmen kooperieren zu wenig mit der Marine, und das Risiko der Piraten …
Persistent link: https://www.econbiz.de/10011602201
ex ante low-income economies. An explanation for this persistence of underdevelopment is proposed through an empirical …
Persistent link: https://www.econbiz.de/10010279017
. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms …
Persistent link: https://www.econbiz.de/10011698346
In this paper we deal with voluntary and compulsory redistribution in an economy where the enforcement of property rights is costly. Two agents engage in a common-pool contest and two types of potential distortions arise: the waste of resources in the contest and the dilution of incentives to...
Persistent link: https://www.econbiz.de/10010263060
This paper aims at better understanding the inefficiency due to distributional conflicts, which are inherent in every market economy. To this end, we set up a simple general equilibrium model with the following characteristics: two groups of agents (capitalists and workers), an endogenous income...
Persistent link: https://www.econbiz.de/10010264137
We present a model of growth and distributional conflict that implies a non-monotonic relationship between average wealth and the likelihood of radical redistribution: while the net benefits of redistribution for members of the poor class are small at low stages of development, a shift towards...
Persistent link: https://www.econbiz.de/10011430034
Some polities are able to use constitutionally prescribed political processes to settle distributional disputes, whereas in other polities distributional disputes result in civil conflict. Theoretical analysis reveals that the following properties help to make it possible to design a...
Persistent link: https://www.econbiz.de/10010318866
Collective contests are examined permitting heterogeneity of stakes within every competing group. Our first concern is whether unequal distribution of stakes in a group can enhance its win probability. Our second concern is whether a large stake in a group can be individually disadvantageous. We...
Persistent link: https://www.econbiz.de/10010291549