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Sequential Competition

In: Industrial Organization

Author

Listed:
  • Pak-Sing Choi

    (National Central University)

  • Eric Dunaway

    (Wabash College)

  • Felix Munoz-Garcia

    (Washington State University)

Abstract

In this chapter, we start analyzing strategic settings where firms interact sequentially, rather than simultaneously, as opposed to most of the exercises in Chaps. 2 and 3 . In this type of industries, one (or more) firms choose their output level in a first stage (often referred to as the industry “leader”) and, observing this output level/s, other firm (or firms) respond selecting their output level/s (and, thus, are known as the industry “followers”).

Suggested Citation

  • Pak-Sing Choi & Eric Dunaway & Felix Munoz-Garcia, 2021. "Sequential Competition," Springer Texts in Business and Economics, in: Industrial Organization, chapter 0, pages 153-196, Springer.
    • Handle: RePEc:spr:sptchp:978-3-030-57284-6_4
    DOI: 10.1007/978-3-030-57284-6_4
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