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While the game-theoretic analysis of conflict is often based upon the assumption of multiplicative noise, additive … the equilibrium set of the n-player difference-form contest with heterogeneous valuations. For high or intermediate levels … valuations, we obtain a partial uniqueness result for symmetric equilibria. As the contest becomes increasingly decisive, at …
Persistent link: https://www.econbiz.de/10013441508
We characterize the equilibrium set of the n-player Hirshleifer contest with homogeneous valuations. A symmetric … in cut-throat competition, while any others become ultimately inactive. Of some conceptual interest is the observation …
Persistent link: https://www.econbiz.de/10012284783
While the game-theoretic analysis of conflict is often based on the assumption of multiplicative noise, additive noise … the equilibrium set of the n-player difference-form contest with heterogeneous valuations. For high and intermediate … valuations, we obtain a partial uniqueness result for symmetric equilibria. As the contest becomes increasingly decisive, at …
Persistent link: https://www.econbiz.de/10014376994
I investigate numerically the following question: Given that individuals with different wages disagree over the optimal labour-income tax schedule, how would such disagreements be affected if society restricted itself to using linear tax schedules? I find that there would be (i) a decrease in...
Persistent link: https://www.econbiz.de/10015124944
We derive a necessary and sufficient condition for the existence of equilibria with only two active players in the all-pay auction with complete information and identity-dependent externalities. This condition shows that the generic equilibrium of the standard all-pay auction is robust to the...
Persistent link: https://www.econbiz.de/10010316873
social conflict. We see conflict phenomena such as crime and civil war as involving resource appropriation activities. We … show that not all shocks that could make society richer will reduce conflict. Positive shocks to labor intensive industries … will diminish social conflict, while positive shocks to capital intensive industries will increase it. The key requirement …
Persistent link: https://www.econbiz.de/10010318947
persist with group identity, although democracy in such instances differs from usual political competition. …
Persistent link: https://www.econbiz.de/10011452617
The symmetric two-player Hirshleifer (1989) contest is shown to admit a unique equilibrium. The support of the …
Persistent link: https://www.econbiz.de/10011969197
We analyze binary choice models in communication networks, in which both, the formation of links in the network as well as the action choices are endogenous. We provide a complete characterization of the equilibrium action choices and networks, where agents choose their strategies - actions and...
Persistent link: https://www.econbiz.de/10011663181
We investigate how changes in the salience of a minority group affect the majority group's voting behavior. Specifically, we focus on Muslim communities and their increased salience in daily life during Ramadan. To estimate a causal effect, we exploit exogenous variation in the distance of...
Persistent link: https://www.econbiz.de/10012059372