Markov perfect equilibria in an N-player war of attrition

DOI10.1016/0165-1765(94)00532-7zbMATH Open0874.90211OpenAlexW3125280126MaRDI QIDQ674074FDOQ674074

Authors: Sandeep Kapur 

Publication date: 28 February 1997

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1765(94)00532-7

Recommendations

• The \(N\)-player war of attrition in the limit of infinitely many players
• Markov-perfect Nash equilibria in a class of resource games
• Wars of attrition and all-pay auctions with stochastic competition
• Symmetric equilibria in a cost-averting war of attrition requiring minimum necessary conceders
• The absence of attrition in a war of attrition under complete information
• Stationary Markov perfect equilibria in discounted stochastic games
• Equilibrium in a war of attrition with an option to fight decisively
• Perfect equilibria in stochastic games
• Markov equilibria in discounted stochastic games

zbMATH Keywords

Markov perfect equilibriaC70Waiting gamesWar of attrition

Mathematics Subject Classification ID

Noncooperative games (91A10) Stochastic games, stochastic differential games (91A15) Discrete-time games (91A50)

Cites Work

• A Theory of Dynamic Oligopoly, I: Overview and Quantity Competition with Large Fixed Costs

Cited In (6)

• The n-person war of attrition
• The absence of attrition in a war of attrition under complete information
• The War of Attrition in Continuous Time with Complete Information
• Continuous time finite state mean field games
• Sequential mergers and delayed monopolization in triopoly
• Settlement games with rank-order payoffs and applications to sovereign debt restructuring

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