Bolle, Friedel; Tan, Jonathan H. W.; Zizzo, Daniel John - In: American Economic Journal: Microeconomics 6 (2014) 2, pp. 93-130
Vendettas occur in many real-world settings where rivals compete for a prize, e.g., winning a competitive promotion or retaining a job, by engaging in aggressive, retaliatory behavior. We present a benchmark experiment where two players have an initial probability of winning a prize. Retaliatory...