Bennour, Khaled (2008): The Value of Rents and the Likelihood of Conflicts.
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This paper extends the prey--predator model of Grossman and Kim (1995) to analyze the relation between the value of the contested rent and the emergence of a conflict. We show that an increase in the value of the rent makes the conflict equilibrium more likely. We also analyze the case where the valuation of the rent is different for the two players. We find, for example, that a conflict equilibrium may occur even though the predator has an important disadvantage in warfare. That's when its valuation of the rent is sufficiently high compare to that of the prey.
|Item Type:||MPRA Paper|
|Original Title:||The Value of Rents and the Likelihood of Conflicts|
|Subjects:||D - Microeconomics > D7 - Analysis of Collective Decision-Making > D74 - Conflict; Conflict Resolution; Alliances|
|Depositing User:||Khaled Bennour|
|Date Deposited:||23. Apr 2008 06:47|
|Last Modified:||02. Mar 2013 13:49|
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