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Recent research distinguishes an individual's decision utility, inferred from her observed choices, from her experienced utility, which more closely matches the notion of happiness. Using various estimation techniques, we test whether post-choice satisfaction (experienced utility), like decision...
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In this paper, we explore two factors that can limit arming and, more generally, the costs of enforcement within and across states: governance or the formal organizations and institutions that help define and enforce property rights, and norms, or the informal arrangements in settling potential...
Persistent link: https://www.econbiz.de/10009391818
We examine the game theoretic properties of a model of crime first introduced by Short, Brantingham, and D'Orsogna (Short et al. 2010) as the SBD Adversarial Game. We identify the rationalizable strategies and one-shot equilibria under mul- tiple equilibrium refinements. We further show that...
Persistent link: https://www.econbiz.de/10010959973
Many social and economic networks emerge among actors that only partially observe the network when forming network ties. We ask: what types of network architectures form when actors have limited observation, and does limited observation lead to less efficient structures? We report numerous...
Persistent link: https://www.econbiz.de/10010959979
Why do legal disputes ever go to trial? Prior research emphasizes the role of mistakes, irrationalities, or asymmetric information because rational litigants with complete or symmetric information should choose pre-trial settlements over the costs and risks of trial. Using a dynamic...
Persistent link: https://www.econbiz.de/10010959987
We examine the optimal disruption of dark (covert and illegal) networks. Of central importance is that an interventionist will generally have incomplete information about the dark network's architecture. We derive the optimal disruption strategy in a stylized model of dark network intervention...
Persistent link: https://www.econbiz.de/10010959990
We examine two factors that help explain the prevalence of conflict in low-income countries: that adversaries cannot enforce long-term contracts in arms, and that open conflict alters the future strategic positions of the adversaries differently than does peace. Using an infinite horizon model,...
Persistent link: https://www.econbiz.de/10004970912
Economic growth has not led to a decline in religion despite past predictions that it would. I use a formal model of religious competition to show how economic growth produces counteracting effects on religious participation in an open religious market, while economic growth will have little...
Persistent link: https://www.econbiz.de/10004977013