This paper studies wars of attrition between two players who have known values for the prizes but private budget constraints. Budgets limit the length that players can stay in the game. We examine the impact of budgets on the equilibrium outcomes. In the case where players' private budget is...

This paper studies n-player undiscounted repeated games with imperfect monitoring. We prove that all uniform communication equilibrium payoffs of a repeated game can be obtained as Nash equilibrium payoffs of the game extended by unmediated cheap talk. We also show that all uniform communication...