| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5078148 | International Journal of Industrial Organization | 2013 | 10 Pages |
Abstract
⺠The strength of players in the second stage depends on the result in the first stage. ⺠The discouragement effect holds when the weak player is sufficiently weak. ⺠Rent dissipation in the first period may be large compare with a one shot game. ⺠An initial advantage of a player is amplified under certain conditions.
Related Topics
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Economics and Econometrics
Authors
Carmen Beviá, Luis C. Corchón,