In many industries, the number of firms evolves non-monotonically over time. A phase of rapid entry is followed by an industry shakeout: a large number of firms exit within a short period. We present a simple timing game of entry and exit with an exogenous technological process governing firm...

The paper reviews what the prior literature has to say about the issues of conflict and cooperation during the life cycle of an international joint venture (IJV). The rules of the game are derived from an overview of the empirical IJVliterature. The timing and the order of the play show the...