First and second mover advantages and the degree of conflicting interests

Sverre Grepperud and Pål Andreas Pedersen

Managerial and Decision Economics, 2022, vol. 43, issue 6, 1861-1873

Abstract: We introduce games consisting of two players where each player's payoff might be differently affected by changes in the decision variable of the rival. The games are classified into three categories: The high‐conflict category is characterized by both players having a first mover advantage, the medium‐conflict category by (at least) one player having a first mover advantage, and, the low‐conflict category by (at least) one player having a second mover advantage. The categories give rise to different equilibria in a prior game where the players are supposed to commit themselves to draw as early or as late as possible.

Date: 2022
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https://doi.org/10.1002/mde.3494

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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:43:y:2022:i:6:p:1861-1873

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