Opting out in a war of attrition

Mercedes Adamuz

Opting out in a war of attrition

Mercedes Adamuz

Department of Economics and Economic History

Research output: Contribution to journal › Article › Research › peer-review

Abstract

This paper analyzes a War of Attrition where players enjoy private information about their outside opportunities. The main message is that uncertainty about the possibility that the opponent opts out increases the equilibrium probability of concession.

Original language	English
Journal	Economics Bulletin
Volume	3
Issue number	1
Publication status	Published - 1 Dec 2005

Cite this

@article{2b1a86f90009411697f0b92565b9e4b8,

title = "Opting out in a war of attrition",

abstract = "This paper analyzes a War of Attrition where players enjoy private information about their outside opportunities. The main message is that uncertainty about the possibility that the opponent opts out increases the equilibrium probability of concession.",

author = "Mercedes Adamuz",

year = "2005",

month = dec,

day = "1",

language = "English",

volume = "3",

journal = "Economics Bulletin",

issn = "1545-2921",

publisher = "Economics Bulletin",

number = "1",

}

TY - JOUR

T1 - Opting out in a war of attrition

AU - Adamuz, Mercedes

PY - 2005/12/1

Y1 - 2005/12/1

N2 - This paper analyzes a War of Attrition where players enjoy private information about their outside opportunities. The main message is that uncertainty about the possibility that the opponent opts out increases the equilibrium probability of concession.

AB - This paper analyzes a War of Attrition where players enjoy private information about their outside opportunities. The main message is that uncertainty about the possibility that the opponent opts out increases the equilibrium probability of concession.

M3 - Article

VL - 3

JO - Economics Bulletin

JF - Economics Bulletin

SN - 1545-2921

IS - 1

ER -

Opting out in a war of attrition

Abstract

Fingerprint

Cite this