The Generalized War of Attrition

We generalize the War of Attrition model to allow for N + K firms competing for N prizes. Two special cases are of particular interest. First, if firms continue to pay their full costs after dropping out (as in a standard-setting context), each firm's exit time is independent both of K and of the

本研究对消耗战（War of Attrition）模型进行推广，使其可适配N+K家企业争夺N份奖励的竞争场景。其中存在两类尤为值得关注的特殊情形：其一，若企业在退出竞争后仍需全额支付其参与成本（如标准制定场景），则每家企业的退出时间与K及[原文未完整表述的后续内容]均相互独立。