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We introduce a new solution for bankruptcy problems that satisfies weaker versions of the Exemption en Exclusion properties from the literature. Although the principles of Exclusion and Exemption are appealing, the specific conditions under which an agent receives its claim, respectively...
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First, the paper lays out the fun-damental assumptions underlying the game theoretical analysis of international environmental problems. Second it summarises important findings which help to explain the difficulties of co-operation and discusses remedies. Chapter 3 looks at measures to avoid...
Persistent link: https://www.econbiz.de/10011608649
Many researchers have found game theory a useful method for analyzing internationalenvironmental problems. However, game theory has been criticized for being too theoretical,abstracting from too many practical problems and being based on very specific assumptions.This article tries to qualify...
Persistent link: https://www.econbiz.de/10005868366
In models of non-deterministic contest, players exert irreversible effort in order to increase their probability of winning a prize. The most prominent functional form of the win probability in the literature is the so-called "logitʺ contest success function. We provide a simple...
Persistent link: https://www.econbiz.de/10003780397
Conflict parties are frequently involved into more than one conflict at a given time. In this paper the interrelated structure of conflictive relations is modeled as a conflict network where opponents are embedded in a local structure of bilateral conflicts. Conflict parties invest in specific...
Persistent link: https://www.econbiz.de/10003850903
This paper experimentally examines behavior in a two-player game of attack and defense of a weakest-link network of targets, in which the attacker's objective is to successfully attack at least one target and the defender's objective is diametrically opposed. We apply two benchmark contest...
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