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Game theoretic analyses of Hobbes' Leviathan proliferate. By considering elements of Leviathan, which have been scrutinised inter alia by Gauthier, Hampton and Kavka, I argue that the approach capture Hobbes' notion of obligation insufficiently. I search for a concept of rationality in Hobbes'...
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Prompted by a real-life observation in the UK retail market, a two-player Prisoners’ Dilemma model of an alliance between two firms is adapted to include the response of a rival firm, resulting in a version of a three-player Prisoners’ Dilemma. We use this to analyse the impact on the...
Persistent link: https://www.econbiz.de/10010721530
Using a species’ population to measure its conservation status, this note explores how an increase in knowledge about this status would change the public’s willingness to donate funds for its conservation. This is done on the basis that the relationship between the level of donations and a...
Persistent link: https://www.econbiz.de/10008491762
Using a species’ population to measure its conservation status, this note explores how an increase in knowledge about this status would change the public’s willingness to donate funds for its conservation. This is done on the basis that the relationship between the level of donations and a...
Persistent link: https://www.econbiz.de/10008491768
The authors show how microeconomic concepts and principles are applicable to the study of terrorism. The utility maximization model provides insights into both terrorist resource allocation choices and government counterterrorism efforts, while basic game theory helps characterize the strategic...
Persistent link: https://www.econbiz.de/10005526874
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The success of any groundwater management plan depends on user compliance. There is an intimate relationship between regulatory regimes and pumper perceptions. As well as its enforcement powers, an agency's behavior sends information to users. While enforcement power need not always be used to...
Persistent link: https://www.econbiz.de/10011105612