I investigate the rationality of challenge and escalation when a third party, allied either to defender or challenger, is uncertain about the enemy’s power. The analysis illustrates how third-party ally power impacts general and immediate deterrence and willingness to intervene. In...

How do civilians respond to violence in civil war, and how do these responses shape combatants’ coercive strategies? Conventional wisdom expects civilian victimization to backfire, as a security-minded public “balances†against the side posing the greatest threat to its...

The effects of the three-point rule in the first league German soccer are tested empirically and compared to games from the German cup competition. The inclusion of cup games ensures that changes in league games can be attributed to the three-point rule. As a result of their relative...

Lloyd Shapley is considered one of the pioneers of game theory. His most prominent contributions are the inception and study of value theory and core theory. These two theories are the key to solving problems involving the allocation of goods or payoffs achievable through cooperation....

This paper experimentally investigates how risk attitudes mitigate leadership effectiveness in a collective setting with projects that exhibit both free riding and coordination problems. We take two novel approaches: 1) the introduction of economic game theory to psychological studies of...

It is widely accepted that a large proportion of acquisition strategies fail to deliver the expected value. Globalizing markets characterized by growing uncertainty, together with the advent of new competitors, are further complicating the task of valuing acquisitions. Too often, managers rely...

Abstract: A wealth of research in recent decades has seen the economic approach to human behavior extended over many areas previously considered to belong to sociology, political science, law, and other fields. Research has also shown that economics can provide insight into many aspects of...

A wealth of research in recent decades has seen the economic approach to human behavior extended over many areas previously considered to belong to sociology, political science, law, and other fields. Research has also shown that economics can provide insight into many aspects of sports,...

It is widely accepted that a large proportion of acquisition strategies fail to deliver the expected value. Globalizing markets characterized by growing uncertainty, together with the advent of new competitors, are further complicating the task of valuing acquisitions. Too often, managers rely...

This paper analyses the incentives to participate in and the stability of international climate coalitions. Using the integrated assessment model WITCH, the analysis of coalitions’ profitability and stability is performed under alternative assumptions concerning the pure rate of time...