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Alex and Barry have a joint project. Each has first to decide whether to invest 1 0 or zero ( i . e . ,
Alex and Barry have a joint project. Each has first to decide whether to invest
or zero ie not to invest into the project. They make these individual
investment choices simultaneously. Once made, these investments are sunk. If
noone invests, the project generates a total revenue of If just one of them
invests, then the project generates a gross total revenue of If both of
them invest, the project generates a gross total revenue of Suppose that
both Alex and Barry are told how much the project has generated before they
make their share demands
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