Endogenous Timing with Incomplete Information and with Observable Delay

Abstract

This paper analyzes endogenous timing in a duopoly model with incomplete information. Firms announce the period in which they will move before choosing an action and are then committed to their choices. Endogenous Stackelberg equilibria, with either the informed or the uninformed firm as the Stackelberg leader, may emerge. For most parameters, the Cournot… (More)
DOI: 10.1006/game.2001.0898

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