Sequential Competition

Pak-Sing Choi, Eric Dunaway and Felix Munoz-Garcia
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Eric Dunaway: Wabash College

Chapter Chapter 4 in Industrial Organization, 2021, pp 153-196 from Springer

Abstract: 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”).

Date: 2021
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DOI: 10.1007/978-3-030-57284-6_4

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