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Persistent link: https://www.econbiz.de/10002454509
This paper argues that the efficiency distribution of players in a game determines how aggressively these players interact. We formalize the idea of balance of power: players fight very inefficient players but play softly versus equally (or more) efficient players. This theory of conduct...
Persistent link: https://www.econbiz.de/10014068265
This paper argues that the efficiency distribution of players in a game determines how aggressively these players interact.We formalize the idea of balance of power: players fight very inefficient players but play softly versus equally (or more) efficient players.This theory of conduct predicts...
Persistent link: https://www.econbiz.de/10011091472