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.
| Original language | English |
|---|---|
| Pages (from-to) | 239-254 |
| Number of pages | 16 |
| Journal | Mathematical Social Sciences |
| Volume | 29 |
| Issue number | 3 |
| Publication status | Published - Jun 1995 |
Keywords
- WAR OF ATTRITION
- CONCESSION GAMES
- GAMES
- EXIT