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THE WAR OF ATTRITION WITH INCOMPLETE INFORMATION

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Author(s)

C PONSATI, J SAKOVICS

School/Research organisations

Abstract

We present a continuous-time model of the war of attrition with exponential discounting and with two-sided incomplete information. We provide a full characterization of the Bayesian Equilibria of this game, without restricting strategies to be differentiable.

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Details

Original languageEnglish
Pages (from-to)239-254
Number of pages16
JournalMathematical Social Sciences
Volume29
Issue number3
Publication statusPublished - Jun 1995

    Research areas

  • WAR OF ATTRITION, CONCESSION GAMES, GAMES, EXIT

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