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 |
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Cite this
Adamuz, M. (2005). Opting out in a war of attrition. Economics Bulletin, 3(1).