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This paper examines simultaneous versus sequential choice of effort in a twoplayer contest with a general contest success function. The timing of moves, determined in a pre‐play stage prior to the contest‐subgame, as well as the value of the prize is allowed to be endogenous. Contrary to...
Persistent link: https://www.econbiz.de/10008645007
analysis of fixed-prize contests. …
Persistent link: https://www.econbiz.de/10010577243
This paper examines simultaneous versus sequential choice of effort in a two player contest with a general contest success function. The timing of moves, determined in a pre-play stage prior to the contest-subgame, as well as the value of the prize is allowed to be endogenous. Contrary to...
Persistent link: https://www.econbiz.de/10008493030
In a setting where agents must choose between two investments, Zhang (in RAND J Econ 28:188–205, <CitationRef CitationID="CR7">1997</CitationRef>) proposed an equilibrium in which there is strategic delay. This equilibrium relied upon there being an information cascade. We shall demonstrate that an information cascade need not generally...</citationref>
Persistent link: https://www.econbiz.de/10011154650
In this paper, we endogenize the timing of policymaking in a simple two-country model of strategic environmental policy. We consider a timing game in which two policymakers non-cooperatively decide their preferred sequence of moves before setting emission tax rates. We show that whether the...
Persistent link: https://www.econbiz.de/10008855246
We consider a game of endogenous timing with observable delay in a mixed duopoly with endogenous vertical differentiation in the context of sequential quality and price choice. We find that a simultaneous play in the first opportunity at each stage turns out to be the unique subgame perfect Nash...
Persistent link: https://www.econbiz.de/10009205014
In this paper we extend the standard approach of horizontal tax competition by endogenizing the timing of decisions made by the competing jurisdictions. Following the literature on the endogenous timing in duopoly games, we consider a pre-play stage, where jurisdictions commit themselves to more...
Persistent link: https://www.econbiz.de/10008680675
In the framework of international cooperation on climate change to control green-house gas emissions (GHG), this paper aims to shed new light on the eventuality of the emergence of a country (or a group of countries) behaving as a leader in the implementation of its environmental policy. The...
Persistent link: https://www.econbiz.de/10010696367
We study mass customization in a duopoly game in which the firms' products have different qualities. Whether customization choices are made simultaneously or sequentially is endogenously determined. Specifically, the customization stage of the game involves two periods. Each firm either selects...
Persistent link: https://www.econbiz.de/10010738007
In this paper, we endogenize the timing of policymaking in a simple two-country model of strategic environmental policy. We consider a timing game in which two policymakers non-cooperatively decide their preferred sequence of moves before setting emission tax rates. We show that whether the...
Persistent link: https://www.econbiz.de/10010862813