Showing 1 - 10 of 2,531
This paper studies a contest in which players with unobservable types may form an alliance in a pre-stage of the game … of alliance formation in any equilibrium. In this case there exists a pooling equilibrium without alliances with a unique … effort choice in the contest and there exist equilibria in which all types prefer to form an alliance. If the formation of an …
Persistent link: https://www.econbiz.de/10010487967
The key element of models of contest is the Contest Success Function (CSF) which specifies the winning probabilities of …
Persistent link: https://www.econbiz.de/10010263839
We present a general model of two players contest with two types of efforts. Contrary to the classical models of … contest, where each player chooses a unique effort, and where the outcome depends on the efforts of all the players …, job promotion competitions, or sport contests. We study the general model of contest with attacks and defence and propose …
Persistent link: https://www.econbiz.de/10010312400
in endogenously formed alliances cope better with the moral hazard problem in groups than players who are forced into an …
Persistent link: https://www.econbiz.de/10010198496
This paper considers evolutionarily stable decisions about whether to initiate violent conflict rather than accepting a peaceful sharing outcome. Focusing on small sets of players such as countries in a geographically confined area, we use Schaffer's (1988) concept of evolutionary stability. We...
Persistent link: https://www.econbiz.de/10010198498
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 information. We characterize the unique equilibrium analytically and …
Persistent link: https://www.econbiz.de/10010365877
During the past two centuries, western nations have successively extended the voting franchise to citizens of lower income. We explain this process of democratization as a rational way for incumbent elites to wage war effectively on other nations, as in a strategic game of international conflict...
Persistent link: https://www.econbiz.de/10011452800
We study the role of an imbalance in fighting strengths when players bargain in the shadow of conflict. Our experimental results suggest: In a simple bargaining game with an exogenous mediation proposal, the likelihood of conflict is independent of the balance of power. If bargaining involves...
Persistent link: https://www.econbiz.de/10011576771
We model a contest between two groups of equal population size over the division of a group-specific public good. Each …
Persistent link: https://www.econbiz.de/10011704216
In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10011324912