Late movers in business game choose higher incentives, changing industry dynamics.
The article explores how firms make strategic decisions in a competitive market. In a game with multiple stages, the last firms delegate decisions to managers, while the first firm does not. Managers' incentive rates increase in the order they choose quantities. The firms' payoffs follow a specific order: the last mover earns the most, and the first mover the least. Compared to a different type of market structure, late movers in this game offer higher incentives, while early movers offer lower ones.