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Equilibrium in the Jungle

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  • Michele Piccione
  • Ariel Rubinstein

Abstract

In the jungle, power and coercion govern the exchange of resources. We study a simple, stylised model of the jungle that mirrors an exchange economy. We define the notion of jungle equilibrium and demonstrate that a number of standard results of competitive markets hold in the jungle. Copyright 2007 The Author(s). Journal compilation Royal Economic Society 2007.

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Bibliographic Info

Article provided by Royal Economic Society in its journal The Economic Journal.

Volume (Year): 117 (2007)
Issue (Month): 522 (07)
Pages: 883-896
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Handle: RePEc:ecj:econjl:v:117:y:2007:i:522:p:883-896

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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Even coercion is Pareto efficient
    by Economic Logician in Economic Logic on 2010-07-05 14:10:00
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
  1. Erik Ansink & Michael Gengenbach & Hans-Peter Weikard, 2012. "River Sharing and Water Trade," Working Papers 2012.17, Fondazione Eni Enrico Mattei.
  2. Jung, Hanjoon Michael, 2009. "Spatial pillage game," Journal of Mathematical Economics, Elsevier, vol. 45(11), pages 701-707, December.
  3. Konrad, Kai A. & Kovenock, Dan, 2011. "The lifeboat problem," Discussion Papers, Research Professorship & Project "The Future of Fiscal Federalism" SP II 2011-106, Social Science Research Center Berlin (WZB).
  4. Alberto Battistini, 2006. "The Role of Inter-Group Relationships in Institutional Analysis," Department of Economics University of Siena 487, Department of Economics, University of Siena.
  5. Thomas Gall & Paolo Masella, 2007. "A Tale of Markets and Jungles in a Simple Model of Growth," JEPS Working Papers 07-004, JEPS.
  6. Ariel Rubinstein, 2006. "Dilemas de un teórico económico," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 8(14), pages 191-213, January-J.
  7. Luis C. Corchon & Matteo Triosi, 2005. "Implementation With State Dependent Feasible Sets And Preferences: A Renegotiation Approach," Economics Working Papers we057136, Universidad Carlos III, Departamento de Economía.
  8. Alberto Battistini, 2007. "Surplus-Value, Distribution and Exploitation," Department of Economics University of Siena 518, Department of Economics, University of Siena.
  9. Matthew O. Jackson & Massimo Morelli, 2007. "Strategic Militarization, Deterrence and Wars," Discussion Papers 0708-04, Columbia University, Department of Economics.
  10. Rubinchik, Anna & Samaniego, Roberto M., . "Demand For Contract Enforcement in A Barter Environment," Working Papers WP2011/15, University of Haifa, Department of Economics, revised 06 Dec 2011.
  11. Edgardo Barandiarán, 2003. "Protecting Property from Stationary Bandits," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 40(121), pages 626-632.
  12. Quesada, Antonio, 2009. "Allocation by coercion," MPRA Paper 19399, University Library of Munich, Germany.

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