Production, Exchange, and Appropriation in a Hawk-Dove Economy
We derive the payoffs of a hawk-dove game based upon production, exchange, and appropriation possibilities. We then link the evolutionary equilibrium of the game to economy-wide fundamentals: production, volume of trade, security of property, welfare, and the extent of hawks in the economy. Within the model we show how hawk-like behavior can be subdued by the potential of mutually beneficial exchange. The model also identifies the conditions under which appropriation possibilities are so large that hawk-like play comes to dominate the economy. We discover, under certain conditions, that an increase in each agent's productivity in its comparative advantage good reduces production and welfare. When increases in productivity result in less production and welfare, the hawk-dove society is plagued by immiserizing growth. The productivity increases which leads to immiserizing growth occur just prior to a productivity cusp that, if reached, vaults the hawk-dove economy to a dramatically improved state.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||Jan 1999|
|Contact details of provider:|| Phone: (508)793-3362|
Fax: (508) 793-3708
Web page: http://www.holycross.edu/departments/economics/website/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:hcx:wpaper:9901. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.