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A NOTE ON THE LEAPFROGGING ISSUE IN A QUALITY CHOICE GAME |
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| Authors: | YUANZHU LU |
| Institution: | Central University of Finance and Economics |
| Abstract: | This note discusses the leapfrogging issue in a quality choice game, namely a game in which two firms choose qualities sequentially and then compete in prices simultaneously. It first shows that ignoring the issue will lead to wrong results and then presents how to get correct results. |
| Keywords: | |