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Rent seeking contest shapes the risk preference of the contestants. It instills in the weaker contestant who has little to lose and much to gain a preference for risk taking, and the weaker the contestant, the stronger the instilled preference for risk taking. On the other hand, it causes the...
Persistent link: https://www.econbiz.de/10013083721
In this paper, we show that pure strategy Nash Equilibria in Prime Game and Expansive Game can be linked through an invertible mapping, with which the pure strategy Nash Equilibrium in Prime Game can be easily derived from Expansive Game. Our results provide a tool to solve pure strategy Nash...
Persistent link: https://www.econbiz.de/10013289274
This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support all major theoretical predictions. In the auction treatment, where winning a...
Persistent link: https://www.econbiz.de/10013316350
This chapter surveys the past applications of game theory to the study of terrorism. By capturing the strategic … interplay between terrorists and targeted governments, game theory is an appropriate methodology for investigating terrorism and … indicates novel directions for applying game theory to terrorism-related issues (e.g., cooperative collectives to strengthen …
Persistent link: https://www.econbiz.de/10014024404
Wars of conquest and wars of independence are characterized by an asymmetric payoff structure: one party gets aggregate production if it wins, and its own production if it loses, while the other party gets only its own production if it wins, and nothing if it loses. We study a model of war with...
Persistent link: https://www.econbiz.de/10009754525
What explains the variation in terrorism within and across political regimes? We contend that terrorism is most likely … judiciaries make government commitments more credible, thereby providing less incentive for the use of terrorism. Using a recently … analyses appropriate for the challenges of terrorism data and then examine the robustness of the results. The results provide …
Persistent link: https://www.econbiz.de/10014200285
useful foundation for an economic perspective on ‘offender profiling’ applied within a terrorism context. Mapping attack …
Persistent link: https://www.econbiz.de/10014143820
Famous cultural monuments are often regarded as unique icons, making them an attractive target for terrorists. Despite huge military and police outlays, terrorist attacks on important monuments can hardly be avoided. We argue that an effective strategy for discouraging terrorist attacks on...
Persistent link: https://www.econbiz.de/10014060595
This paper looks at the case where there are two branches of a terrorist group, which operate in two different locations targeting two different countries and regions. This does away with the free rider’s problem arising out of pre-emption that has been highlighted in the literature. The free...
Persistent link: https://www.econbiz.de/10014264292
Present anti-terrorist policy concentrates almost exclusively on deterrence. It seeks to fend off terrorism by raising … and induces in some cases even more terrorism. This is, in particular, the case if deterrence policy induces a …
Persistent link: https://www.econbiz.de/10014097870