Kambe, Shinsuke - In: Theoretical economics : TE ; an open access journal in … 14 (2019) 3, pp. 849-886
This paper studies an N-person war of attrition which needs one exit for its ending. An N-person war of attrition is … by identifying which players are actively involved in a war of attrition at each moment. We examine who is likely to exit … and when the war of attrition ends quickly. As the leading example, we study how a group selects a volunteer in a dynamic …