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as useful conflict benchmarks, they dissipate additional expected contest rents. This additional rent-dissipative toll …, contestable advantage can lead parties to optimally forego contest participation (i.e., if conflict parameters do not meet the …Take the fort, then take the city. In a two-stage, two-party contest, victory in the initial stage can provide an …
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The paper examines a game-theoretic evolutionary model of a financial market with endogenous equilibrium asset prices. Assets pay dividends that are partially consumed and partially reinvested. The traders use general, adaptive strategies (portfolio rules), distributing their wealth between...
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duplication of research. An increase in the intensity of competition among firms leads to an increase in the variety of developed …
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