On the social efficiency of conflict

Santiago Sanchez-Pages

Research output: Contribution to journalArticlepeer-review

Abstract

In sharp contrast with the economic literature on conflict, this paper shows that confrontation may be efficiency enhancing. Conditions are derived under which a contest over the exclusive control of a resource Pareto dominates open access. When the population size is big enough or production exhibits strong decreasing returns to scale, agents unanimously prefer to engage in conflict.
Original languageEnglish
Pages (from-to)96-101
Number of pages6
JournalEconomics Letters
Volume90
Issue number1
Publication statusPublished - Jan 2006

Fingerprint

Dive into the research topics of 'On the social efficiency of conflict'. Together they form a unique fingerprint.

Cite this