In November 2013, the central committee of the Communist Party of China (CPC), at its third plenum, issued a Directives Paper (with 16 items and 60 prescriptions), setting out a long-term strategic compendium of China’s reform agenda, based on the principle of separation between market and...

This paper introduces strategic preemption motives into a dynamic information acquisition model. Two players can acquire costly information about an unknown statebefore taking an irreversible safe or risky action. The risky action gives the players a higher payoff than the safe action only in...