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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| 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 1968-3863 |
| EISSN: |
1968-3863 |
| Discipline: | Economics |
| Online Access: | available in Bonn? |
| Database: | CrossRef Database information Databases - DBIS |