The impact of perceived strength in the war of attrition

B-Tier
Journal: Games and Economic Behavior
Year: 2025
Volume: 150
Issue: C
Pages: 260-277

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In a war of attrition a player's perceived strength is the distribution describing beliefs about her valuation. Small asymmetries in strength have a large effect: in the unique equilibrium of a game with a deadline the war ends quickly (instantly, as the deadline becomes infinite) with a concession by the (perceived) weaker player. The ranking of strength compares hazard rates in the upper tails of the distributions of beliefs; greater uncertainty about a player tends to give her more strength. The results also hold if techniques other than a deadline are used to obtain a unique equilibrium.

Technical Details

RePEc Handle
repec:eee:gamebe:v:150:y:2025:i:c:p:260-277
Journal Field
Theory
Author Count
1
Added to Database
2026-01-26