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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
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Persistent link: https://www.econbiz.de/10010818591
What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all …
Persistent link: https://www.econbiz.de/10013043705
Initiating a conflict is an investment in social, political or economic change. The decision to attack is sequential in … disregarded in conflict theory. In this dynamic model of decision making we focus on the time dimension of an escalating conflict … oppressive government actions may lead to an earlier outbreak of conflict. However, even if latent conflicts are not immediately …
Persistent link: https://www.econbiz.de/10009664935
We study equilibrium in a multistage race in which players compete in a sequence of simultaneous move component contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each component contest is an all-pay auction with complete...
Persistent link: https://www.econbiz.de/10010365877
Persistent link: https://www.econbiz.de/10012309777
A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature about the first trade-off. Due to lack of...
Persistent link: https://www.econbiz.de/10010333738
Recent empirical evidence links migrant remittances, savings and return migration, and stresses the inaccuracy of return migration plans. This paper presents a model of endogenous remittances, savings and return decisions under uncertainty. In our framework, migrants make remittance and saving...
Persistent link: https://www.econbiz.de/10011586026
This paper analyzes optimal linear taxes on labor income and savings in a standard two-period life-cycle model with endogenous leisure demands in both periods and non-insurable income risks. Households are subject to skill shocks in both periods of the life-cycle. We allow for completely general...
Persistent link: https://www.econbiz.de/10010270186
The precautionary principle (PP) applied to environmental policy stipulates that, in the presence of physical uncertainty, society must take robust preventive action to guard against worst-case outcomes. It follows that the higher the degree of uncertainty, the more aggressive this preventive...
Persistent link: https://www.econbiz.de/10010279642