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question is how the significance of the conflict affects social investments, market shares, production quantities, profits, and … social welfare. Methods / Approach: Conflict technology is described by contest success functions determining market shares … existence and its characteristics are described. Conflict adversely affects the profit of the inefficient firm while it …
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This paper shows that any attempt to deviate from the basic bargaining line is doomed to fail. The Cournot attempt results in undistributed pie, while the Rubinstein-Binmore one in insufficient distribution. Discount rate may be important to bargaining, but game theorists have not been...
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