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How can a single player defend against the threat of a coordinated attack by a group? For example, how can a central bank defend a currency peg against speculators, a government against a revolution or a prison warden against a breakout? Bentham (1787) proposed an innovative prison concept based...
Persistent link: https://www.econbiz.de/10013015698
partly spills over into the next period, by affecting relative conflict efficiency. Our model generates non …-monotone evolution of both conflict and distribution. Results suggest that external interventions, when effective in reducing current … conflict and protecting weaker groups, may end up sowing the seeds of greater future conflict …
Persistent link: https://www.econbiz.de/10013016336
observe surprisingly high levels of within - group cooperation in conflict situations such as civil wars. We provide an …
Persistent link: https://www.econbiz.de/10013132902
interest of Credit Rating Agencies (CRAs). We model both the CRA conflict of understating credit risk to attract more business …, and the issuer conflict of purchasing only the most favorable ratings (issuer shopping), and examine the effectiveness of …
Persistent link: https://www.econbiz.de/10013134566
This book offers an extensive and original study of the dynamics of rivalry, evolution of costly and violent conflicts, and potential cooperation among powerful players. It unravels the special features of the global socio-economic system that can make it extremely fragile and vulnerable. It...
Persistent link: https://www.econbiz.de/10013135522
conflict is modeled as a Bayesian game on which each player's valuation is drawn independently from arbitrary distributions. We … predictable movements in the conflict's dissipation. We focus on arbitrary contest success functions and arbitrary independent …
Persistent link: https://www.econbiz.de/10013136257
We study how fragmentation of patent rights ('patent thickets') and the formation of the Court of Appeal for the Federal Circuit (CAFC) affected the duration of patent disputes, and thus the speed of technology diffusion through licensing. We develop a model of patent litigation which predicts...
Persistent link: https://www.econbiz.de/10013117066
Committees improve decisions by pooling independent information of members, but promote manipulation, obfuscation, and exaggeration of private evidence when members have conflicting preferences. We study how self-interest mediates these conflicting forces. When members' preferences differ, no...
Persistent link: https://www.econbiz.de/10013218407
We examine whether women and men of the same ability differ in their decisions to seek challenges. In the laboratory, we create an environment in which we can measure a participants performance level (high or low), where a high performance level participant has on average higher earnings from...
Persistent link: https://www.econbiz.de/10012753626
Persistent link: https://www.econbiz.de/10009153403