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We apply an indirect evolutionary approach to players' perceived prize valuations in contests. Evolution in finite populations leads to preferences that overstate the prize's material value and induce overexpenditure. We establish an equivalence between the behavior evolutionarily stable...
Persistent link: https://www.econbiz.de/10015222884
conflict models. They follow from incorporating positional dynamics into the standard static approach. Such positional dynamics …
Persistent link: https://www.econbiz.de/10015257181
as for the features of such relationships. In a one-shot conflict, we find that when noise is modeled as an exponential … not the case for an additive noise parameter. In an infinitely repeated conflict setting with additive noise, sustaining … an important consideration for modeling any conflict situation. …
Persistent link: https://www.econbiz.de/10015257545
We analyze the determinants of tacit collusion in an infinitely repeated contest with noise in the contest success function. Sustaining collusion via Nash reversion strategies is easier the more noise there is, and is more difficult the larger is the contest's prize value. An increase in the...
Persistent link: https://www.econbiz.de/10015248409
fosters cooperation. We study a population comprised of "thick-skinned" and "thin-skinned" agents by using an indirect …
Persistent link: https://www.econbiz.de/10015222326
fosters cooperation. We study a population comprised of "thick-skinned" and "thin-skinned" agents by using an indirect …
Persistent link: https://www.econbiz.de/10015223331
Negli ultimi tempi, fra gli studiosi dei processi di formazione delle scelte pubbliche è in corso un interessante dibattito volto ad individuare le tecniche più appropriate per gestire in maniera efficace (ovvero in tempi rapidi e garantendo la stabilità e la durevolezza delle decisioni o...
Persistent link: https://www.econbiz.de/10015226318
The application of game theory and cognitive economy to analyze the problem of undesired location - The analysts of the processes of public bodies decision - taking have long been discussing on the establishment of proper strategies to manage "environmental conflicts" - above all the so-called...
Persistent link: https://www.econbiz.de/10015231272
of cooperation in such a way that full conflict is the only equilibrium outcome of the extended game. …We argue that cooperation can become more fragile if (i) there are sufficiently many intermediate levels of cooperation …
Persistent link: https://www.econbiz.de/10015261971
How do belligerents choose and change their military strategies during war? How do these strategies shape war? To address these questions, we develop a random-walk model of war, where two belligerents fight over "forts" across periods. The random walk represents a battlefront, which moves as the...
Persistent link: https://www.econbiz.de/10015265168