Güth, Werner; Erviti, Loreto Llorente; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006
The common prior assumption justifies private beliefs as posterior probabilities when updating a common prior based on … asymmetrically informed firms. We dispose of the common prior assumption for a homogeneous oligopoly market with uncertain costs and …