equilibrium in the region a > a* = (1 — w)- [cp +ca(1 — p)], and emerges often in this parameter region. CWL is supported as an equilibrium in a strictly smaller parameter region, a > a* = (1—w)-c,. Neither CWOL nor CWL emerge in the parameter regions
where they are not supported in equilibrium.
22
HOUSE_OVERSIGHT_026542