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the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in … states of the game, the 'tipping states', which are determined by the contestants’ relative strengths, their distances to … by which the allocation of prizes are governed by possibly repeated conflict. Our results contribute to an explanation …
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noise. In pure strategies, any asymmetric equilibrium corresponds to one-sided dominance, but there is also a variety of … in cut-throat competition, while any others become ultimately inactive. Of some conceptual interest is the observation …
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While the game-theoretic analysis of conflict is often based upon the assumption of multiplicative noise, additive … limit, equilibria in the Hirshleifer contest converge to equilibria in the corresponding all-pay auction. …
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component contest is an all-pay auction with complete information. We characterize the unique equilibrium analytically and …
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, questions related to institutional design and performance, issues in international relations, and electoral competition. In our …
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We propose an elementary theory of wars fought by fully rational contenders that features three of the main rationalist explanations for armed conflicts: uncertainty, commitment, and indivisibility. Two parties play a Markov game that combines stages of bargaining, where offers are made, with...
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