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BEGIN:VEVENT
DTSTAMP:20260621T005051Z
DTSTART;VALUE=DATE-TIME:20130528T143000
DTEND;VALUE=DATE-TIME:20130528T160000
SUMMARY:Political Economy Workshop: Santi Sanchez Pages
TZID:Europe/London
UID:20130528-094d43d53eccbc9b013ed79bdd033050@warwick.ac.uk
CREATED:20130524T173516Z
DESCRIPTION:Political Economy Workshop Santi Sanchez Pages Title : Inequa
 lity in conflicts Abstract: A community must defend their individual inc
 ome from an external threat by pooling their efforts against it. The win
 ner of this confrontation is determined by a contest success function wh
 ere members’ efforts may display different degrees of complementarity. I
 ndividual effort is costly and follows a convex isoelastic function. We 
 investigate how the success of the group in the conflict and its members
 ’ utilities vary with the degree of within-group inequality. We show tha
 t there is a natural relationship between the group’s probability of vic
 tory and the Atkinson index of inequality. If members’ efforts are compl
 ementary or the cost function convex enough\, more egalitarianism within
  the group increases the likelihood of victory against the external thre
 at. The opposite holds when members’ efforts are substitutes and the cos
 t linear enough. Finally\, we obtain conditions under which richer membe
 rs of the group are willing to make transfers to poorer members in order
  to enhance their final payoff. We relate the findings of the model to h
 istorical cases where developments in the technology of warfare affected
  income and power redistribution within societies.
LOCATION:
CATEGORIES:Political Economy and Public Economics Seminar
LAST-MODIFIED:20130524T173516Z
ORGANIZER;CN=Claudia Favero:
END:VEVENT
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