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A natural approach to understanding the tendencies of nations to enter or avoid wars is through the study of national decision making in international crises. Recent game-theoretic models of national crisis behavior can be used to generate research hypotheses about how specific features of...
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This report uses a generic two-stage escalation model to ask whether and when limited conflicts can occur. There are two players in the model: Challenger and Defender. Challenger can either initiate a conflict or not. If Challenger initiates, Defender can concede, respond-in-kind, or escalate....
Persistent link: https://www.econbiz.de/10010770045
A generic asymmetric two-stage escalation model of incomplete information is used to examine strategic relationships in which one player adopts a defense posture akin to the “Massive Retaliation†policy of the Eisenhower administration that relies only on the threat of escalation to...
Persistent link: https://www.econbiz.de/10010770115
The compensation received by economic agents reflects their performance. Usually compensation reflects performance measured cardinally, but sometimes ordinal considerations play a role. It is well established that rewards — cardinal or ordinal — can rationally motivate contestants to put...
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Power sharing is modeled as a duel over some prize. Each of two players may either share the prize in some ratio or fire at the other player—either in sequence or simultaneously—and eliminate it with a specified probability. If one player eliminates the other without being eliminated itself,...
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