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We define and characterize a notion of correlated equilibrium for games with incomplete information, which we call Bayes correlated equilibrium: The set of outcomes that can arise in Bayes Nash equilibria of an incomplete information game where players may have access to additional signals...
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) producer surplus is at least as high as profits under the uniform monopoly price, and (iii) total surplus does not exceed the …
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) producer surplus is at least as high as profits under the uniform monopoly price, and (iii) total surplus does not exceed the …
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) producer surplus is at least as high as profits under the uniform monopoly price, and (iii) total surplus does not exceed the …
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) producer surplus is at least as high as pro fits under the uniform monopoly price, and (iii) total surplus does not exceed the …
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