Kambe, Shinsuke - In: Theoretical economics : TE ; an open access journal in … 14 (2019) 3, pp. 849-886
This paper studies an N-person war of attrition which needs one exit for its ending. An N-person war of attrition is … 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 …