Lecture 20 - Subgame Perfect Equilibrium: Wars of Attrition

Yale Open Courses ECON 159: Game Theory by William Sheppard

Jun 8, 201801:15:36Education

We first play and then analyze wars of attrition; the games that afflict trench warfare, strikes, and businesses in some competitive settings. We find long and damaging fights can occur in class in these games even when...

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