Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072014 | Games and Economic Behavior | 2012 | 20 Pages |
Abstract
⺠We study static and dynamic N-player binary “entry” games with strategic complementarities. ⺠Entry thresholds should be larger in static rather than dynamic versions of the same entry game. ⺠Our experiment reveals little difference in entry thresholds between the two types of games. ⺠The addition of delay costs to the dynamic game does not change this finding. ⺠Thus the “short-cut” of modeling dynamic entry decisions as static games may not be unreasonable.
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Authors
John Duffy, Jack Ochs,