Showing 1 - 10 of 25,651
conflict is modeled as a Bayesian game on which each player's valuation is drawn independently from arbitrary distributions. We … predictable movements in the conflict's dissipation. We focus on arbitrary contest success functions and arbitrary independent …
Persistent link: https://www.econbiz.de/10013136257
We study equilibrium in a multistage race in which players compete in a sequence of simultaneous move component contests. Players may win a prize for winning each component contest, as well as a prize for winning the overall race. Each component contest is an all-pay auction with complete...
Persistent link: https://www.econbiz.de/10010365877
Tax law is often uncertain. In particular, the use of tax shelters tends to be in the "grey area" between illegal tax evasion and legal tax avoidance. In this paper I show that uncertainty in tax law can help achieve higher efficiency than allowing or disallowing a tax shelter with certainty....
Persistent link: https://www.econbiz.de/10014252459
We build a model of secession crises where voters may wish to accommodate the minority to prevent secession. We show the existence of a majority voting equilibrium with a government's type biased in favor of the minority. We propose a measure of secession risk and perform the comparative static...
Persistent link: https://www.econbiz.de/10010274771
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result...
Persistent link: https://www.econbiz.de/10013325149
We build a model of secession crises where voters may wish to accommodate the minority to prevent secession. We show the existence of a majority voting equilibrium with a government's type biased in favor of the minority. We propose a measure of secession risk and perform the comparative static...
Persistent link: https://www.econbiz.de/10013124688
-regional heterogeneity of preferences. -- majority voting ; secession risk ; cultural distinctiveness ; conflict ; overlapping regional …
Persistent link: https://www.econbiz.de/10009127585
Individual-specific uncertainty may increase the chances of reform being enacted and sustained. Reform may be more likely to be enacted because a majority of agents might end up losing little from reform and a minority gaining a lot. Under certainty, reform would therefore be rejected, but it...
Persistent link: https://www.econbiz.de/10014129359
effort choices, and, according to expected utility theory, risk preferences are irrelevant. We derive a closed-form solution …
Persistent link: https://www.econbiz.de/10014081228
disregarded in conflict theory. In this dynamic model of decision making we focus on the time dimension of an escalating conflict … conflicts ; uncertain investment in conflict ; theory of conflict ; decision to attack …Initiating a conflict is an investment in social, political or economic change. The decision to attack is sequential in …
Persistent link: https://www.econbiz.de/10009664935