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the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in … states of the game, the tipping states, which are determined by the contestants' relative strengths, their distances to final … by which the allocation of prizes are governed by possibly repeated conflict. Our results contribute to an explanation …
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the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in … states of the game, the "tipping states", which are determined by the contestants' relative strengths, their distances to … by which the allocation of prizes are governed by possibly repeated conflict. Our results contribute to an explanation …
Persistent link: https://www.econbiz.de/10003202472
A multi-stage model on the course of war is presented: Individual battles are modeled as private value all-pay auctions with asymmetric combatants of two opposing teams. These auctions are placed within a multi-stage framework with a tug-of-war structure. Such framing provides a microfounded...
Persistent link: https://www.econbiz.de/10009717279
, questions related to institutional design and performance, issues in international relations, and electoral competition. In our …
Persistent link: https://www.econbiz.de/10014024376
We propose an elementary theory of wars fought by fully rational contenders that features three of the main rationalist explanations for armed conflicts: uncertainty, commitment, and indivisibility. Two parties play a Markov game that combines stages of bargaining, where offers are made, with...
Persistent link: https://www.econbiz.de/10009506420
Contrary to modern democracies ancient Athens appointed large numbers of government officers by lot. After describing the Athenian arrangements, the paper reviews the literature on the choice between election and lot focusing on representativeness of the population, distributive justice,...
Persistent link: https://www.econbiz.de/10014178337