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Sequential Competition

In: Industrial Organization

Author

Listed:
  • Pak-Sing Choi

    (National Central University)

  • Eric Dunaway

    (Wabash College)

  • Felix Muñoz-Garcia

    (Washington State University)

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 firms respond by selecting their output level/s (and thus are known as the industry “followers”).

Suggested Citation

  • Pak-Sing Choi & Eric Dunaway & Felix Muñoz-Garcia, 2023. "Sequential Competition," Springer Texts in Business and Economics, in: Industrial Organization, edition 2, chapter 0, pages 223-286, Springer.
    • Handle: RePEc:spr:sptchp:978-3-031-38635-0_4
    DOI: 10.1007/978-3-031-38635-0_4
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