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In this paper we study the behavior of rivals when there is a known probability of imminent entry. Experimental markets are used to collect data on pre- and post-entry production when there is an announced time of possible entry; some markets experience entry and other do not. In all pre-entry...
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gain from doing so. Again, rivalry contributes to the phenomenon: a supplier who buys out the maverick would fall behind …
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dilemma situations. As a result, they are often treated alike. In this paper we argue that the degree of rivalry is the … fundamental difference between the two games. We show that rivalry implies that both games cannot be represented by the same game …-pants clearly perceive the differences in rivalry. Aggregate behavior in both games starts relatively close to Pareto efficiency and …
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developed rivalry. We find that the principal reacts to his agents' competitive preferences through a reallocation of incentive … exhibit rivalry while the other ideally should behave completely egoistically. …
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