cases
Equilibria
h > h ∗ > c > 0
None
h = h ∗ > 0
E S N = ( x S N , 0 ) = ( 1 − c 2 , 0 )
h ∗ > h > c > 0
E 1 = ( x 1 , 0 ) = ( 1 − c − Δ 2 , 0 ) and E 2 = ( x 2 , 0 ) = ( 1 − c + Δ 2 , 0 )
h ∗ > c = h > 0
E 2 = ( x 2 , 0 ) = ( 1 − c , 0 )
h ∗ > c > h > 0
E 2 = ( x 2 , 0 ) = ( 1 − c + Δ 2 , 0 )