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This paper presents a unified framework for characterizing symmetric equilibrium in simultaneous move, two-player, rank-order contests with complete information, in which each player's strategy generates direct or indirect affine "spillover" effects that depend on the rank-order of her decision...
Persistent link: https://www.econbiz.de/10011257530
The application of game theory and cognitive economy to analyze the problem of undesired location - The analysts of the processes of public bodies decision - taking have long been discussing on the establishment of proper strategies to manage "environmental conflicts" - above all the so-called...
Persistent link: https://www.econbiz.de/10011258906
Negli ultimi tempi, fra gli studiosi dei processi di formazione delle scelte pubbliche è in corso un interessante dibattito volto ad individuare le tecniche più appropriate per gestire in maniera efficace (ovvero in tempi rapidi e garantendo la stabilità e la durevolezza delle decisioni o...
Persistent link: https://www.econbiz.de/10008876650
We apply an indirect evolutionary approach to players' perceived prize valuations in contests. Evolution in finite …
Persistent link: https://www.econbiz.de/10008615029
Folk Theorem require a special form of intergenerational sanctions. In these sanctions, punishment is sometimes carried out … cooperation when it would otherwise be possible. …
Persistent link: https://www.econbiz.de/10008918485
study the impact of different time horizons on cooperation in (quasi) continuous time prisoner's dilemmas. We find that … cooperation levels are similar or higher when the horizon is deterministic rather than stochastic. Moreover, a deterministic … deterministic horizon subjects show high initial cooperation and a strong end-of-period reversal to defection. Moreover, they do not …
Persistent link: https://www.econbiz.de/10009364193
This paper presents a unified framework for characterizing symmetric equilibrium in simultaneous move, two-player, rank-order contests with complete information, in which each player’s strategy generates direct or indirect affine “spillover” effects that depend on the rank-order of her...
Persistent link: https://www.econbiz.de/10009367932
I present a theory of optimal multilateral trade agreements with public political shocks. I first show that "forbearance"-- where one country withholds retaliation when its trading partner receives a shock-- is a feature of an optimal agreement. This provides a rationale for countries not acting...
Persistent link: https://www.econbiz.de/10009369398
Abstract: In the recent years, many clubs in the biggest European soccer leagues have run into debts. The sports economic literature provides several explanation for this development, e.g., the league structure (open versus closed league), club constitutions, ruinous rat races between clubs....
Persistent link: https://www.econbiz.de/10009351463
I develop a framework to explain why identity divides some communities and not others. An identity group is defined as a group of individuals with the same `culture'. A community is divided when different identities are socially segregated; a community is integrated when there is no social...
Persistent link: https://www.econbiz.de/10008672211