search query: @author Bulow, J. / total: 4
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| Author: | Bulow, J. Klemperer, P. |
| Title: | The generalized war of attrition |
| Journal: | American Economic Review
1999 : MAR, VOL. 89:1, p. 175-189 |
| Index terms: | ECONOMICS MODELS COMPANIES |
| Language: | eng |
| Abstract: | The authors model a war attrition with N + K firms competing for N prizes. In a "natural oligopoly" context, the K - 1 lowest-value firms drop out instantaneously, even though each firm's value is private information to itself. In a "standard setting" context, in which every competitor suffers losses until a standard is chosen, even after giving up on its own preferred alternative, each firm's exit time is independent both of K and of other players' actions. |
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