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We study dynamic sequential majoritarian campaigns between two players. The winner of the campaign is whomever wins the majority of individual battles. The resource being expended is determined exogenously to the campaign and has no scrap value. We demonstrate, in a fairly general environment,...
Persistent link: https://www.econbiz.de/10012931232
This study explores asymmetric volunteers' dilemma (VOD) games where costs for volunteering is different among players. Diekmann (1993) conjectures that an equilibrium, in which a player with less costs contributes, is more likely to be played if it is risk dominant. We re-examined this...
Persistent link: https://www.econbiz.de/10012865565
This paper analyzes farsighted stable sets when agents have heterogeneous expectations over the dominance paths. We …
Persistent link: https://www.econbiz.de/10012959123
This commentary complements the article by De Dreu and Gross (2019) from the perspectives of behavioral economics and game theory. It aims to provide a bridge between the psychology / neuroscience research with that of economic research in attack-and-defense by stipulating relevant literature,...
Persistent link: https://www.econbiz.de/10012823439
noise. In pure strategies, any asymmetric equilibrium corresponds to one-sided dominance, but there is also a variety of … in cut-throat competition, while any others become ultimately inactive. Of some conceptual interest is the observation …
Persistent link: https://www.econbiz.de/10012824146
In this paper, we show that pure strategy Nash Equilibria in Prime Game and Expansive Game can be linked through an invertible mapping, with which the pure strategy Nash Equilibrium in Prime Game can be easily derived from Expansive Game. Our results provide a tool to solve pure strategy Nash...
Persistent link: https://www.econbiz.de/10013289274
We propose a hide-and-seek game based on compact convex sets in Euclidean space. We show that when the seeker and the hider have a common territory, there exists no pure strategy Nash equilibrium, and the mixed strategy Nash equilibrium of the game are categorized into two types according to the...
Persistent link: https://www.econbiz.de/10013307780
Contests are situations in which a set of agents compete for a valuable object, rent or award. The present paper analyzes difference-form group contests, that is, contests fought among groups and where their probability of victory depends on the difference of their effective efforts. First, we...
Persistent link: https://www.econbiz.de/10013056899
an all-pay auction arms race between defenders that largely dissipates the value of the defended resources. However, if …
Persistent link: https://www.econbiz.de/10014166787
We survey recent theoretical and empirical literature on political economics of non-democracies. Nondemocratic regimes face multiple challenges to their rule, both internal, such as palace coups or breakdown of their support coalition, and external, such as mass protests or revolutions. We...
Persistent link: https://www.econbiz.de/10014092808