The war of attrition and the revelation of valuable information

We provide a simple example demonstrating that the unconditional revelation information in a war of attrition with private budget constraints can decrease expected revenue. Our example suggests that information non-revelation can counteract the adverse revenue impact of budget constraints and almost counterbalance their otherwise negative impact.

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Year of publication:	2014
Authors:	Kotowski, Maciej Henryk ; Li, Fei
Institutions:	Kennedy School of Government, Harvard University

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Extent:	application/pdf
Series:	Scholarly Articles.
Type of publication:	Book / Working Paper
Notes:	Published in Economics Letters
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010859022