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Persistent link: https://www.econbiz.de/10012657722
We present an endogenous-timing conflict game of incomplete information under strategic complementarity. The model predicts multiple equilibria, in which the outcome follows either a simultaneous move game (Baliga and Sjostrom, 2004) or a sequential game, which improves social welfare. We study...
Persistent link: https://www.econbiz.de/10014093240