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• W2090099784 abstract "Abstract This paper presents an extension of a static model of economic conflict analyzed by Hirshleifer (1991, 1995) and Skaperdas (1992) to an infinite horizon differential game. Our aim is to highlight the strategic role of appropriation among a smaller group of agents in an intertemporal context. The model yields the conclusion that there exists a unique linear/nonlinear Markov perfect equilibrium strategy, even when strategies are defined over the entire state space. We demonstrate that “partial cooperation” can be seen as a long-run response to conflict. Moreover, a decrease in the effectiveness of appropriation, the depreciation rate of a common-pool stock, the rate of time preferences or an increase in the “degree of noise” improves the degree of “partial cooperation” and thus welfare in an anarchic society." @default.
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• W2090099784 date "2011-04-01" @default.
• W2090099784 modified "2023-10-17" @default.
• W2090099784 title "A dynamic model of conflict and appropriation" @default.
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• W2090099784 doi "https://doi.org/10.1016/j.jebo.2011.01.003" @default.
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