estimating a sequential participation game for U.S. data. We find (i) limited strategic behavior, that is, in two-child families …

estimating a sequential participation game for U.S. data. We find (i) limited strategic behavior, that is, in two-child families …

leader or a follower. Comparison with simultaneous model shows that the driven-out effect is much stronger in our sequential … participation model, which implies the simultaneous specification might not be desirable. …