Showing 31 - 40 of 67
A group of agents must defend their individual income from an external threat by pooling their efforts against it. The winner of this confrontation is determined by a contest success function where members’ efforts may display different degrees of complementarity. Individual effort is costly...
Persistent link: https://www.econbiz.de/10010615377
We propose an elementary theory of wars fought by fully rational contenders. Two parties play a Markov game that combines stages of bargaining with stages where one side has the ability to impose surrender on the other. Under uncertainty and incomplete information, in the unique equilibrium of...
Persistent link: https://www.econbiz.de/10008740095
This paper analyzes the problem that an incumbent faces during the legislature when deciding how to react to popular initiatives or policy proposals coming from different sources. We argue that this potential source of electoral disadvantage that the incumbent obtains after being elected can...
Persistent link: https://www.econbiz.de/10008465154
This paper studies bargaining and conflict under incomplete information, provides an overview and a critical account of the literature on the topic and contributes with original research. We first revise models of mechanism design and sequential bargaining that take confrontation as final....
Persistent link: https://www.econbiz.de/10008465156
Recent literature has emphasized that individuals display different depths of reasoning when playing games. In this paper, we explore gender differences in strategic sophistication and study whether these differences are endogenous. We report results from two different experiments employing the...
Persistent link: https://www.econbiz.de/10010754648
Persistent link: https://www.econbiz.de/10009959220
Persistent link: https://www.econbiz.de/10010078122
Persistent link: https://www.econbiz.de/10010007936
This paper presents an axiomatic characterization of difference-form group contests, that is, contests fought among groups and where their probability of victory depends on the difference of their effective efforts. This axiomatization rests on the property of Absolute Consistency, stating that...
Persistent link: https://www.econbiz.de/10014137100
This paper analyses the problem that an incumbent faces during the legislature when deciding how to react to citizen proposals such as the outcome of referenda or popular initiatives. We argue that these proposals constitute a potential source of electoral disadvantage when citizens factor in...
Persistent link: https://www.econbiz.de/10014143878