Solan, Eilon; Yariv, Leeat - Center for Mathematical Studies in Economics and … - 1998
"There is no place where espionage is not possible." -Sun Tzu, The Art of War, approximately 500BC We consider … extensive form games in which players decide on their strategies before the start of play and can purchase noisy information … chain-store model, for sufficiently small costs of espionage, the population of Incumbents splits into a positive fraction …
