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This observe pertains to the research of Hamilton and Slutsky ((1990) Games Econ. Behav. 2, 29-46) on endogenous timing (with observable delay). It exhibits, via counterexample, that monotonicity of the best-reponse functions in a two-participant recreation is just not enough to derive predictions concerning the order of strikes. Relatively, this requires, additionally, the monotonicity of each … Read more