Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/64177 
Autor:innen: 
Erscheinungsjahr: 
2006
Schriftenreihe/Nr.: 
Working Paper No. 2006-07
Verlag: 
University of Massachusetts, Department of Economics, Amherst, MA
Zusammenfassung: 
The purpose of this paper is to contribute to our understanding of the dynamics of struggles over resources by studying a game between a producer that can guard and buy fortifications and a pirate. It is assumed that the returns from defence and raiding depends on the ratio of the resources spent on each activity and that all produced goods can be stolen. It attempts to characterise the trajectory of the resources and the defence and raiding activities of the pirate and producer. I show, among other things, that the pirate's strategy is to farm the producer and that the pirate's raiding activities and resources will decline as the productive capacity of the producer increases. I also show that a flexible guarding strategy may be preferred to fixed fortifications if the producer's resources are low at any time.
Schlagwörter: 
resource struggles
piracy
differential games
optimal control
JEL: 
C61
C72
P14
D00
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
195.4 kB





Publikationen in EconStor sind urheberrechtlich geschützt.