One-sided games in a war of attrition

Yasushi Asako*

*この研究の対応する著者

研究成果: Article査読

1 被引用数 (Scopus)

抄録

This study develops a war-of-attrition model with the asymmetric feature that one player can be defeated by the other but not vice versa; that is, only one player has an exogenous probability of being forced to capitulate. With complete information, the equilibria are almost identical to the canonical war-of-attrition model. On the other hand, with incomplete information on a player's robustness, a war where both players fight for some duration emerges. Moreover, a player who is never defeated may capitulate in equilibrium, and this player will give in earlier if the other player's fighting costs are greater.

本文言語English
ページ(範囲)313-331
ページ数19
ジャーナルB.E. Journal of Theoretical Economics
15
2
DOI
出版ステータスPublished - 2015 7月 1

ASJC Scopus subject areas

  • 経済学、計量経済学および金融学(全般)

フィンガープリント

「One-sided games in a war of attrition」の研究トピックを掘り下げます。これらがまとまってユニークなフィンガープリントを構成します。

引用スタイル