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Extremism drives out moderation


Klose, Bettina Susanne; Kovenock, Daniel J (2012). Extremism drives out moderation. CESifo Working Paper Series 3804, University of Zurich.

Abstract

This article examines the impact of the distribution of preferences on equilib-rium behavior in conflicts modeled as all-pay auctions with identity-dependentexternalities. Centrists and radicals are defined using a willingness-to-pay cri-terion that admits preferences more general than a simple ordering on the line.Extremism, characterized by a higher per capita expenditure by radicals thancentrists, may persist and generate higher aggregate expenditure by radicals,even when they are relatively small in number. Our results demonstrate theimportance of the institutions of conflict in determining the role of extremismand moderation in economic, political, and social environments.

Abstract

This article examines the impact of the distribution of preferences on equilib-rium behavior in conflicts modeled as all-pay auctions with identity-dependentexternalities. Centrists and radicals are defined using a willingness-to-pay cri-terion that admits preferences more general than a simple ordering on the line.Extremism, characterized by a higher per capita expenditure by radicals thancentrists, may persist and generate higher aggregate expenditure by radicals,even when they are relatively small in number. Our results demonstrate theimportance of the institutions of conflict in determining the role of extremismand moderation in economic, political, and social environments.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Business Administration
03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Language:English
Date:2012
Deposited On:01 Feb 2013 12:38
Last Modified:17 Feb 2018 01:04
Series Name:CESifo Working Paper Series
Number of Pages:37
OA Status:Green
Official URL:http://ssrn.com/abstract=2052884
Other Identification Number:merlin-id:7733

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