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Mercedes Adamuz
''Opting Out in a War of Attrition''
( 2005, Vol. 3 No.49 )
This paper analyzes a War of Attrition where players enjoy private information about their outside opportunities. The main message is that uncertainty about the possibility that the opponent opts out increases the equilibrium probability of concession.
Manuscript Received : Nov 08 2005 Manuscript Accepted : Nov 18 2005

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