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In 1993, the Danish antitrust authority decided to gather and publish firm-specific transactions prices for two grades of ready-mixed concrete in three regions of Denmark. Following initial publication, average prices of reported grades increased by 15-20 percent within one year. The authors...
Persistent link: https://www.econbiz.de/10005140000
This paper analyzes a differentiated duopoly model with cost uncertainty in an environment where information sharing is prohibited. The duopolists can commit themselves to be a Stackelberg leader or follower at the time when they know the distribution, but not the actual values, of their own and...
Persistent link: https://www.econbiz.de/10005658601