Argenton, Cédric - Economics Institute for Research (SIR), … - 2005
.
KEYWORDS: Cournot competition, quality, duopoly, asymmetric
information, Nash equilibrium.
JEL CODES: D43, D82, L13, L15.
∗
Box … guarantee the existence of a pure-strategy Nash equilibrium under
quantity competition. Early examples were provided (in a more … the two firms produce a homogenous product
(x
L
= x
H
= x), the game admits a unique Nash equilibrium. Given a linear …