Pillage and property
Article Abstract:
Using coalitional games model, based on game theory, the power distribution of coalitions and their economic behavior is studied. A more powerful body can always pillage property from a less powerful body.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
Matching with noise and the acceptance curse
Article Abstract:
The usage of Bayesian games for analyzing information frictions in economic systems is discussed.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2006
User Contributions:
Comment about this article or add new information about this topic: