Games with Private Timing
No 6400, Working Paper from Department of Economics, University of Pittsburgh
We study a class of games in which the timing of players' moves is privateinformation, but players have the option to disclose their moves byexerting a small cost. When the underlying game is a coordination game,we characterize the set of distributions of moving times such that the gamehas the following unique prediction: Players choose the best coordinationequilibrium and do not disclose their action. This implies that the possibilityof disclosure selects an equilibrium in which the best action pro le istaken but nothing is disclosed. In games of opposing interests, we providesufficient conditions for the fi rst-arriving player to disclose her action. Inextensions we allow for, among others, partial control over timing.
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