Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/121384
Authors: 
Wagner, Peter
Year of Publication: 
2015
Series/Report no.: 
SFB/TR 15 Discussion Paper 500
Abstract: 
This paper considers a "war of attrition" game in which agents learn about an uncertain state of the world through private signals and from their peers. I provide existence and uniqueness results for a class of equilibria that satisfy a "full-participation" condition, and show that asymmetries in the distribution of information can lead to excessive stopping and an oversupply of information relative to the social optimum.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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