Instant Exit from the Asymmetric War of Attrition.
In an asymmetric war of attrition the players’ prize valuations are drawn from different distributions. A “stochastic strength” ordering, based upon relative hazard rates, is used to rank these distributions. The stochastically stronger player is perceived to be stronger ex ante, even though her rea...
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| Formato: | Working paper |
| Idioma: | English |
| Publicado em: |
Department of Economics (University of Oxford)
2005
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