In this paper we experimentally investigate the extended game with observable delay of Hamilton and Slutsky (Games Econ.Beh., 1990).Firms bindingly announce a production period (one out of two periods) and then they produce in the announced sequence.Theory predicts simultaneous production in period one but we find that a substantial proportion of subjects choose the second period.
|Place of Publication||Tilburg|
|Number of pages||15|
|Publication status||Published - 2005|
|Name||CentER Discussion Paper|
- Endogenous timing
- Experimental economics
- Stackel- berg