The 1.5th Mover Advantage
AbstractThere has been much discussion about the timing of moves in games. However, one assumption usually goes unquestioned, namely, that of an irrevocable commitment of the first mover. In many cases this is not realistic, since final commitments are often preceded by actions that are binding only to a limited degree: partial commitments. An example is the announcements of price changes. I analyze a game in which the degree of a partial commitment is endogenized. In the case of strategic complements, a player profitably makes use of the possibility to commit partly. She chooses a role somewhere between first and second mover, which gives her a 1.5th-mover advantage.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by The RAND Corporation in its journal RAND Journal of Economics.
Volume (Year): 33 (2002)
Issue (Month): 1 (Spring)
Contact details of provider:
Web page: http://www.rje.org
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.