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This paper studies infinite-horizon bargaining between a seller and multiple buyers when externalities are present. We … externalities. Since each buyer receives a positive payoff when the seller makes an agreement with some other buyer, positive … externalities induce a war of attrition between buyers. …
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identifies a host of externalities and their strategic implications for counterterrorism policies. In addition, the chapter … policy prognosis is much better for domestic terrorism as a central government can internalize externalities among …
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