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We characterize the unique Markov perfect equilibrium of a tug-of-war without exogenous noise, in which players have the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in which the player expending the greater resources wins. In...
Persistent link: https://www.econbiz.de/10010307027
Well-being (i.e., satisfaction, happiness) is a latent variable, impossible to observe directly. Hence, questionnaires ask people to grade their well-being in different life domains. The most common practice-comparing well-being by means of descriptive analysis or linear regressions-ignores that...
Persistent link: https://www.econbiz.de/10011288151
We characterize the unique Markov perfect equilibrium of a tug-of-war without exogenous noise, in which players have the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in which the player expending the greater resources wins. In...
Persistent link: https://www.econbiz.de/10010333854
This paper reviews developments in income and health poverty in Ireland over the 2003-2011 period using data from the Survey of Income and Living Conditions (SILC). It also examines developments in the correlation between the two. Income poverty fell up to and including 2009, after which this...
Persistent link: https://www.econbiz.de/10010343170
elimination of weakly dominated strategies may be order-dependent, one may suspect that the same holds for conditional dominance …. We prove that, although the sets of strategy profiles surviving two arbitrary elimination orders of conditional dominance …_i(s_i))_i$ induces the same {\em terminal node} as $s$ does. To prove our results we put forward a new notion of dominance and an …
Persistent link: https://www.econbiz.de/10011599478
Hollywood’s dominance of the movie industry has been the subject of numerous studies. An interdisciplinary literature … dominance at different time periods but cannot comprehensively explain how Hollywood acquired and maintained dominance for nine … explanations for the acquisition and persistence of market dominance. It then integrated existing theories identified within the …
Persistent link: https://www.econbiz.de/10009438278
with consequentialist decision models. Consistent with this explanation, the prevalence of implied dominance decreased …
Persistent link: https://www.econbiz.de/10009441242
with consequentialist decision models. Consistent with this explanation, the prevalence of implied dominance decreased …
Persistent link: https://www.econbiz.de/10009441300
population may then be sensitive to the chosen threshold. This paper uses stochastic dominance techniques to show that mental …
Persistent link: https://www.econbiz.de/10010272366
We characterize the unique Markov perfect equilibrium of a tug-of-war without exogenous noise, in which players have the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in which the player expending the greater resources wins. In...
Persistent link: https://www.econbiz.de/10010274454