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Persistent link: https://www.econbiz.de/10009515675
This paper theoretically assesses the role that uncertainty plays in the intensity of conflicts. The standard two-player rent-seeking contest model (Tullock, 1980) is extended to allow for privately known subjective values of the prize. The conflict is modeled as a Bayesian game on which each...
Persistent link: https://www.econbiz.de/10013136257
Persistent link: https://www.econbiz.de/10009243626
Persistent link: https://www.econbiz.de/10012509366