The paper demonstrates that, even when firms' initial moves are simultaneous, the mere opportunity to wait out the opponent's move may be as harmful as a secondmover disadvantage.
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Length: 9 pages Date of creation: Jun 1994 Date of revision: Publication status: Published in Economics Letters, 1995, pages 83-89 Handle: RePEc:hhs:hastef:0021
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Find related papers by JEL classification: L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
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