کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5068268 1476903 2011 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The Arctic scramble: Introducing claims in a contest model
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The Arctic scramble: Introducing claims in a contest model
چکیده انگلیسی

In this paper I integrate elements from the bankruptcy literature in a resource contest model. In a contest model, agents fight over a contested resource and their investment in 'guns' determines how much of the resource is secured by each agent. In a bankruptcy problem, agents claim a share of a contested resource, and their claims determine the allocation to each agent. The integrated model of this paper allows the combination of guns and claims to jointly determine the distribution of a contested resource. The relevance of such a model is motivated using the Arctic scramble as a leading example. This contest over the Arctic's oil and gas reserves involves the five coastal Arctic countries, each with its own distinct territorial claim. I propose four contest-bankruptcy rules that integrate the most common contest success function with four classical bankruptcy rules. These four rules are assessed and effects of integrating claims and guns in one rule are analysed for a resource contest model.

► I analyse resource contests with claims using elements from the bankrupty literature. ► Inclusion of claims implies that claims and effort ('guns') act as substitutes. ► The costs of conflict are lower than in conventional contest models. ► An application to the Arctic scramble shows the relevance of claims in contests.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Journal of Political Economy - Volume 27, Issue 4, December 2011, Pages 693-707
نویسندگان
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