The Generalized War of Attrition.

The Generalized War of Attrition.

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We generalize the War of Attrition model to allow for N + K firms competing for N prizes. Two special cases are of particular interest. First, if firms continue to pay their full costs after dropping out (as in a standard-setting context), each firm's exit time is independent both of K and of t...

Полное описание

Библиографические подробности
Главные авторы:	Bulow, J, Klemperer, P
Формат:	Working paper
Язык:	English
Опубликовано:	Cowles Foundation 1996

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