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Endogenous Timing in Two-Player Games: A Counterexample
Journal article   Peer reviewed

Endogenous Timing in Two-Player Games: A Counterexample

Rabah Amir
Games and economic behavior, Vol.9(2), pp.234-237
05/01/1995
DOI: 10.1006/game.1995.1018

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Abstract

This note relates to the study of Hamilton and Slutsky ((1990) Games Econ. Behav. 2, 29-46) on endogenous timing (with observable delay). It shows, via counterexample, that monotonicity of the best-reponse functions in a two-player game is not sufficient to derive predictions about the order of moves. Rather, this requires, additionally, the monotonicity of each payoff in the other player′s actions. Journal of Economic Literature Classification Numbers: C72, L10.

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