To grab for the market or to bide one’s time: a dynamic model of entry

We consider a simultaneous-move, dynamic entry game. The ...xed cost of entry is private information. Entering earlier increases the likelihood of being the monopolist, but also increases the likelihood of coordination failure and simultaneous entry. We consider general continuous distributions for the ...xed cost, and characterize the unique symmetric sequential equilibrium in pure strategies. Comparative statics results are derived. As the time between rounds approaches zero, all of the “action” occurs during an arbitrarily small amount of time. For the “Bertrand” model, we extend the analysis to allow for n ...rms.