Jann, Ole ORCID: 0000-0002-6198-3819 and Schottmüller, Christoph
ORCID: 0000-0001-6059-1090
(2021).
Regime change games with an active defender.
Games Econ. Behav., 129.
S. 96 - 114.
SAN DIEGO:
ACADEMIC PRESS INC ELSEVIER SCIENCE.
ISSN 1090-2473
Abstract
We analyze a regime change game in which an active defender can invest in costly, unobservable defenses. We show that if there are sufficiently many potential attackers, the game has a unique Nash equilibrium in which the defender chooses to have almost no defenses and attacks almost never occur. This provides a new perspective on coordination problems and the necessity of refinements in regime change games. (C) 2021 Elsevier Inc. All rights reserved.
Item Type: | Journal Article | ||||||||||||
Creators: |
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URN: | urn:nbn:de:hbz:38-585547 | ||||||||||||
DOI: | 10.1016/j.geb.2021.05.008 | ||||||||||||
Journal or Publication Title: | Games Econ. Behav. | ||||||||||||
Volume: | 129 | ||||||||||||
Page Range: | S. 96 - 114 | ||||||||||||
Date: | 2021 | ||||||||||||
Publisher: | ACADEMIC PRESS INC ELSEVIER SCIENCE | ||||||||||||
Place of Publication: | SAN DIEGO | ||||||||||||
ISSN: | 1090-2473 | ||||||||||||
Language: | English | ||||||||||||
Faculty: | Faculty of Management, Economy and Social Sciences | ||||||||||||
Divisions: | Center of Excellence C-SEB Faculty of Management, Economics and Social Sciences > Economics > Microeconomics, Institutions and markets > Professorship for Microeconomics |
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Subjects: | Economics | ||||||||||||
Uncontrolled Keywords: |
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Refereed: | Yes | ||||||||||||
URI: | http://kups.ub.uni-koeln.de/id/eprint/58554 |
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