Is a Long War Desirable? Optimal Debt Concessions in Attrition Warfare

The present paper extends the Alesina and Drazen (1991, American Economic Review 81, 1170-1188) war of attrition model by including a concession round. Before the date of stabilization, each player can agree to finance an additional amount of public deficit with the aim of reducing public debt and d...

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Bibliographic details
Main Author: Maxime Menuet
Format: Journal Article
Language: English
Place of publication: GENES 01.09.2020
published in: Annals of economics and statistics no. 139; pp. 105 - 130
Data of publication: 20200901
ISSN: 2115-4430
EISSN: 1968-3863
Discipline: Economics
Online Access: available in Bonn?
Database: CrossRef
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