We model conflict between two agents in which each one has two possible strategies: cease-fire or rejection of the truce. We use the concept of pre-donations, namely, a redefinition of the game in which each agent commits to transfer a share of its output to the other agent (Sertel, 1991)....

Purpose – The purpose of this paper is to study the effect that weak enforceability of property rights has on the human resource practices of firms operating in hostile business environment. Design/methodology/approach – This paper questions the role of the state as the only provider of...

Firms´ compensation practices affect the protection of investors´ interests and the degree of economic inequality by changing the stakes of engaging in appropriation activities versus respecting the status quo. We use a general equilibrium model where workers can either work peacefully or join...

Firms' compensation practices affect the protection of investors' interests and the degree of economic inequality by changing the stakes of engaging in appropriation activities versus respecting the status quo. We use a general equilibrium model where workers can either work peacefully or join a...