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This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents … evaluate differently the contested stake. Differently from common contest models, agents have the option of choosing a second … instrument to affect the outcome of the conflict. The second instrument is assumed to capture positive investments in ‘conflict …
Persistent link: https://www.econbiz.de/10015216354
This paper finds an empirical evidence that al Qaeda behaves as a contest organizer rewarding a prize to candidate …
Persistent link: https://www.econbiz.de/10015217337
We analyze how a contest organizer chooses the winner when the contestants.efforts are already exerted and commitment … to the use of a given contest success function is not possible. We define the notion of rationalizability in mixed …-strategies to capture such a situation. Our approach allows to derive different contest success functions depending on the aims and …
Persistent link: https://www.econbiz.de/10015219145
We analyze how a contest organizer chooses the winner when the contestants.efforts are already exerted and commitment … to the use of a given contest success function is not possible. We define the notion of rationalizability in mixed …-strategies to capture such a situation. Our approach allows to derive different contest success functions depending on the aims and …
Persistent link: https://www.econbiz.de/10015220039
This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents … clash in order to redistribute a divisible prize in their favour. Differently from common contest models agents have the … option of choosing a second instrument to affect the outcome of the conflict. The second instrument is assumed to capture a …
Persistent link: https://www.econbiz.de/10015220848
In this paper I analyse a labour market where the wage is endogenously determined according to an Efficient Bargaining process between a firm and a labour union whose members are partitioned into two social groups: the old and the young. Furthermore, I exploit the Single-Mindedness theory, which...
Persistent link: https://www.econbiz.de/10015221948
Zeno's paradoxes of motion, which claim that moving from one point to another cannot be accomplished in finite time, seem to be of serious concern when moving towards an agreement is concerned. Parkinson's Law of Triviality implies that such an agreement cannot be reached in finite time. By...
Persistent link: https://www.econbiz.de/10015222043
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
political competition. Further- more, it could be the case that candidates are not forced to undertake the same policies in …
Persistent link: https://www.econbiz.de/10015223436
In “Are Voters Sensitive to Terrorism? Direct Evidence from the Israeli Electorate,“ Claude Berrebi and Esteban F. Klor analyze the causal effects of terrorist attacks on the political preferences of the Israeli electorate. In this comment, I discuss Berrebi and Klor's empirical approach -...
Persistent link: https://www.econbiz.de/10015223625