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- W768483753 abstract "Abstract This paper uses a continuous-time war of attrition model to investigate how learning about private payoffs affects delays in reaching agreement. At each point in time, players may receive a private Poisson signal that completely reveals the concession payoff to be high (good-news learning) or low (bad-news learning). In the good-news model, the expected delay is always non-monotonic in the learning rate: an increase in the learning rate prolongs delay in agreement if the learning rate is sufficiently low. In the bad-news model, numerical examples suggest learning prolongs delay as well." @default.
- W768483753 created "2016-06-24" @default.
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- W768483753 date "2015-10-01" @default.
- W768483753 modified "2023-09-27" @default.
- W768483753 title "Can learning cause shorter delays in reaching agreements?" @default.
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- W768483753 doi "https://doi.org/10.1016/j.jmateco.2015.06.010" @default.
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