Lead, Follow or Cooperate? Sequential versus Collusive Payoffs in Symmetric Duopoly Games

<table>Duopoly Game with strategic complements and positive externalities—red: coop. isoprofits; blue: leader’s isoprofit; green: follower’s isoprofit.</table>

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Figure 2

Figure 2: Lead, Follow or Cooperate? Sequential versus Collusive Payoffs in Symmetric Duopoly Games 