Showing 1 - 10 of 75
There are two varieties of timing games in economics: wars of attrition, in which having more predecessors helps, and pre-emption games, in which having more predecessors hurts. This paper introduces and explores a spanning class with rank-order payoffs that subsumes both varieties as special...
Persistent link: https://www.econbiz.de/10011599402
Costly delay in negotiations can induce the negotiating parties to be more forthcoming with their information and improve the quality of the collective decision. Imposing a deadline may result in stalling, in which players at some point stop making concessions but switch back to conceding at the...
Persistent link: https://www.econbiz.de/10011599465
When opposing parties compete for a prize, the sunk effort players exert during the conflict can affect the value of the winner's reward. These spillovers can have substantial influence on the equilibrium behavior of participants in applications such as lobbying, warfare, labor tournaments,...
Persistent link: https://www.econbiz.de/10014536891
This paper studies an N-person war of attrition which needs one exit for its ending. An N-person war of attrition is qualitatively different from its two-person version. Only in the former, the set of players who are actively engaged in a war of attrition may change over time. We introduce the...
Persistent link: https://www.econbiz.de/10012215322
Persistent link: https://www.econbiz.de/10003901057
Persistent link: https://www.econbiz.de/10011304945
Persistent link: https://www.econbiz.de/10011312648
Persistent link: https://www.econbiz.de/10010476820
Persistent link: https://www.econbiz.de/10010476887
Persistent link: https://www.econbiz.de/10010498852