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In this paper we analyze the optimal mix between appropriative and defensive activities for goods (goods contest) and appropriative and defensive activities for resources (resource contest). We show that goods contests are qualitatively different from resource contests. It turns out that for...
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libertarian anarchy. The paradox in the context of anarchy implies that if private defense agencies can cooperate to avoid …
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Could anarchy be a constrained optimum for weak and failing states? Although a limited government that protects … departing from these conditions produces anarchy and fulfilling them when government is unconstrained producers predatory … political governance" or no government at all. Many predatory governments do more to damage their citizens' welfare than to …
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In this paper we analyze the structure of contest equilibria with a variable number of individuals. First we analyze a situation where the total prize depends on the number of agents and where every single agent faces opportunity costs of investing in the contest. Second we analyze a situation...
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