Barbieri, Stefano; Konrad, Kai A.; Malueg, David A. - In: The RAND Journal of Economics 51 (2020) 3, pp. 934-961
We consider a preemption game between competing groups; firms lobbying individually for their groups' interests provide an empirical example. Among symmetric groups, the first firm to take action bears an (unobserved) cost and wins the prize on behalf of its group. In equilibrium, the firm with...