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→Alesina and Drazen (1991)
Constant Ratio -> Shock -> Rising (or falling) Ratio -> Increasing pain -> Differential willingness to bear pain and that concession result in disproportionate burden, leads to different concession points
Private knowledge about willingness to bear pain => Don't know other parties willingness. Willingess 'revealed' by time.
Disproportionality of burden is important - equal burden results in instant concession. Extremely unequal burden increases time to concession.
===[[Austensmith Feddersen (2008) - Public Disclosure Private Revelation Or Silence |Austen-Smith and Feddersen (2008)]]===
