Dutta, Idranil; Madden, Paul; Mishra, Ajit - Department of Economics, University of Bath - 2012
This paper presents a theoretical model to show how distributional concerns can engender social confl‡ict. We have a two period model, where the cost of confl‡ict is endogenous in the sense that parties involved have full control over the level of confl‡ict they can create. Our analysis...