Gehrig, Thomas; Güth, Werner; Levínský, René - In: Journal of Evolutionary Economics 23 (2013) 4, pp. 767-781
In a market with stochastic demand with seller competition at most one seller can acquire costly information about demand. Other sellers entertain idiosyncratic beliefs about the market demand and the probability that an informed seller is trading in the market. These idiosyncratic beliefs...
