The voluntary trade is mutually welfare improving, but it requires the first party to forego something of value and risk not having the transaction completed; thus the first mover
must trust that the second mover is trustworthy.
Subjects are not informed that the amounts of first mover
endowments and second mover additional dollar amounts were determined by other subjects' decisions in a preceding experiment session with game A.
4) Any amount X sent by the first mover
was doubled by the experimenter.
H4: When a first mover
expands internationally, it is more likely to develop close relationships with the home government.
In today's highly dynamic environment, the impact of first mover
advantage is shrinking because in general strategic time lines are shrinking.
Mendelow: One of the functions about the first mover
concept is it was easy to be a first mover
when the venture capitalists were lobbing money like there was no tomorrow.
I propose an alternative model of majoritarian bargaining in which players demand a compensation for their participation in a coalition and in which the order of play is endogenous, in that the head of state chooses the first mover
, and the latter chooses the order of response.
If the advantage lies in reducing technical or regulatory uncertainty, the first mover
runs the risk of failure, but the second mover who decides and develops just as fast runs the same risk.
Lang concludes that Aristotle's first mover
is not god, as seen in Metaphysics 12; rather, his arguments in Physics 8 "resolve a problem concerning the location of the first moved (and hence also the first motion) by indicating that it must be on the outermost circumference of the cosmos" (p.
In this game, subjects are divided into pairs that consisted of a first mover
and a second mover.