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We consider a general class of imperfectly discriminating contests with privately informed players. We show that findings by Athey (2001) imply the existence of a Bayesian Nash equilibrium in monotone pure strategies.
Persistent link: https://www.econbiz.de/10008490447
contest. In both cases, when decisions to share information are made independently, sharing information is strictly dominated …
Persistent link: https://www.econbiz.de/10008492738
In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10011324912
Two individuals are involved in a conflict situation in which preferences are ex ante uncertain. While they eventually …
Persistent link: https://www.econbiz.de/10011582517
This paper considers incentives for information acquisition ahead of conflicts. First, we characterize the (unique) equilibrium of the all-pay auction between two players with one-sided asymmetric information where one player has private information about his valuation. Then, we use ou rresults...
Persistent link: https://www.econbiz.de/10003950481
Two individuals are involved in a conflict situation in which preferences are ex ante uncertain. While they eventually …
Persistent link: https://www.econbiz.de/10011412685
How can a single player defend against the threat of a coordinated attack by a group? For example, how can a central bank defend a currency peg against speculators, a government against a revolution or a prison warden against a breakout? Bentham (1787) proposed an innovative prison concept based...
Persistent link: https://www.econbiz.de/10013014971
How can a single player defend against the threat of a coordinated attack by a group? For example, how can a central bank defend a currency peg against speculators, a government against a revolution or a prison warden against a breakout? Bentham (1787) proposed an innovative prison concept based...
Persistent link: https://www.econbiz.de/10013015698
potential. Applications include international conflict, litigation, and elections. Even though only a peaceful agreement avoids … a loss of resources, if this loss is small enough, then any contract must assign a positive probability of conflict. We … show how the likelihood of conflict outbreak depends on the distribution of power between the agents and their information …
Persistent link: https://www.econbiz.de/10012780612
Consider a society where ethnic conflict is imminent due to people's belief about the state of the world. An `informed …
Persistent link: https://www.econbiz.de/10012904240