An experimental test of a predator–prey model of appropriation

Grossman and Kim’s [Predation and production. In: Garfinkel, M.R., Skaperdas, S. (Eds.), The Political Economy of Conflict and Appropriation. Cambridge University Press, New York, 1996, pp. 57–71] predator–prey model predicts that as the effectiveness of offense against defense increases, the equili...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Journal of economic behavior & organization 2001-05, Vol.45 (1), p.83-97
Hauptverfasser: Carter, John R, Anderton, Charles H
Format: Artikel
Sprache:eng
Schlagworte:
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:Grossman and Kim’s [Predation and production. In: Garfinkel, M.R., Skaperdas, S. (Eds.), The Political Economy of Conflict and Appropriation. Cambridge University Press, New York, 1996, pp. 57–71] predator–prey model predicts that as the effectiveness of offense against defense increases, the equilibrium appropriation effort will change from zero to full to partial predation. We test the model experimentally over a sequence of eight decision periods. The data show a clear and substantial convergence to equilibrium outcomes, with most movement occurring in the first several periods.
ISSN:0167-2681
1879-1751
DOI:10.1016/S0167-2681(00)00165-7