Conflict and Trade in a Predator/Prey Economy
AbstractPredatory possibilities are integrated with production and trade in a hawk/dove model. The model shows how mutually beneficial exchange can subdue hawk playing. It also identifies conditions under which predatory possibilities are so large that hawks dominate the economy. One of the unusual results of the model is nullifying productivity growth, whereby increases in the productivity of each agent, in its area of comparative advantage, causes production and per capita welfare to fall under certain conditions. Productivity increases that lead to nullifying growth occur just before a transition cusp that, if reached, vaults the economy to a dramatically improved state. Copyright Blackwell Publishing Ltd 2003
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Review of Development Economics.
Volume (Year): 7 (2003)
Issue (Month): 1 (February)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=1363-6669
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- Anderton, Charles H. & Carter, John R., 2008.
"Vulnerable trade: The dark side of an Edgeworth box,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 68(2), pages 422-432, November.
- Charles Anderton & John Carter, 2004. "Vulnerable Trade: The Dark Side of an Edgeworth Box," Working Papers 0411, College of the Holy Cross, Department of Economics.
- Raul Caruso, 2004. "A Trade Institution as a Peaceful Institution?," Others 0406003, EconWPA, revised 15 Dec 2004.
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