An N-person war of attrition with the possibility of a non-compromising type
The Econometric Society, 2019
Online
academicJournal
Zugriff:
This paper studies an N-person war of attrition which needs one exit for its ending. An N-person war of attrition is qualitatively different from its two-person version. Only in the former, the set of players who are actively engaged in a war of attrition may change over time. We introduce the possibility of a non-compromising type and characterize the unique equilibrium by identifying which players are actively involved in a war of attrition at each moment. We examine who is likely to exit and when the war of attrition ends quickly. As the leading example, we study how a group selects a volunteer in a dynamic setting.
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An N-person war of attrition with the possibility of a non-compromising type
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Autor/in / Beteiligte Person: | Kambe, Shinsuke |
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Veröffentlichung: | The Econometric Society, 2019 |
Medientyp: | academicJournal |
ISSN: | 1555-7561 (print) |
DOI: | 10.3982/TE3158 |
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