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Article: The relative-gains problem for international cooperation. (response to an article by Joseph Greico in this issue, p. 729-735)
- Article from:
- American Political Science Review
- Article date:
- September 1, 1993
- Author:
CopyrightCOPYRIGHT 1993 Cambridge University Press. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Joseph Grieco incorrectly believes that the argument in my paper (Snidal 1991a) depends critically on special assumptions such as constant returns to scale, equality of payoffs or symmetry. In fact, the central result that bothers him is driven solely by the fact that increasing numbers of actors (n) change the strategic incentives created by relative-gains seeking. That is what I claim; it should have been readily apparent to Grieco given that my model replicates his argument regarding the inhibiting effects of relative gains among small numbers of actors even as it shows how these effects diminish as n increases. Since only the number of actors - not auxiliary ...
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Article: Relative values: we need to look at stock values on a ...
Money Marketing;
March 13, 2003 ;
700+ words
... ... markets, in particular, the US. On a relative basis, however, European equity valuations ... by over 40 per cent, erasing all the relative gains of the bull market. This move is reflected also in relative valuations between the US and Germany ...
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