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This paper aims at a better understanding of the conditions under which unequal rank or power positions may get permanently established through asymmetric gift exchange when a gift brings pride to the donor and shame to the recipient. Such a framework matches numerous observations reported in...
Persistent link: https://www.econbiz.de/10008790290
Power, defined as the ability to longer sustain a mutually damaging situation, determines both the outcome of the game and the way this outcome is reached. In our model, inspired from the Theory of moves (Brams, 1994), two agents, each facing two choices at their respective decision nodes, play...
Persistent link: https://www.econbiz.de/10008793990