The Generalized War of Attrition.
The authors model a war of attrition with N+K firms competing for N prizes. In a 'natural oligopoly' context, the K - 1 lowest-value firms drop out instantaneously, even though each firm's value is private information to itself. In a 'standard setting' context, in which ever...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
1999
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