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Social scientists are often concerned with the dynamics of struggles over resources and with the effect of these struggles on the process of development and change. This continuous dynamic game is intended to add to our knowledge of the dynamics of struggles over property.
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For games of contracting under perturbed best response dynamics, varying the perturbations along two dimensions (uniform vs. logit, directed vs. undirected) gives four possibilities. Three of these select differing major bargaining solutions as stochastically stable. The fourth possibility...
Persistent link: https://www.econbiz.de/10011163842
A successful organization - or Broadway production - needs the right team. A potential issue is that an existing synergy between complementary agents (or assets) can reduce the marginal return of effort, creating a disincentive to invest. While agents always prefer to be in a team of...
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This study uses a novel application of priming to provide experimental evidence that aspirations and social comparisons may be influenced by non factual sources. A textual narrative eliciting social comparison is shown to dramatically alter material aspirations. This is despite the narrative not...
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