Opting out in a war of attrition

Mercedes Adamuz

Research output: Contribution to journalArticleResearchpeer-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 languageEnglish
JournalEconomics Bulletin
Volume3
Issue number1
Publication statusPublished - 1 Dec 2005

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