Showing 1 - 10 of 145
correlated equilibria in a class of games with quadratic payoffs and normally distributed uncertainty in terms of restrictions on … demand uncertainty and find newly optimal information policies via the Bayes correlated equilibria. Finally, we reverse the …
Persistent link: https://www.econbiz.de/10013099192
of Bayes correlated equilibria in a class of games with quadratic payoffs and normally distributed uncertainty in terms … sharing among firms under demand uncertainty and find new optimal information policies via the Bayes correlated equilibria. We …
Persistent link: https://www.econbiz.de/10013084975
We analyze a class of games with interdependent values and linear best responses. The payoff uncertainty is described … by a multivariate normal distribution that includes the pure common and pure private value environment as special cases …
Persistent link: https://www.econbiz.de/10013072255
and strategic interaction, (ii) we explain to what extent payoff environment and information structure of a economy are …
Persistent link: https://www.econbiz.de/10012955894
We consider demand function competition with a finite number of agents and private information. We analyze how the structure of the private information shapes the market power of each agent and the price volatility. We show that any degree of market power can arise in the unique equilibrium...
Persistent link: https://www.econbiz.de/10012908597
with linear best responses and normal uncertainty. We show our results by providing a characterization of the set of all …
Persistent link: https://www.econbiz.de/10013052631
We analyze demand function competition with a finite number of agents and private information. We show that the nature of the private information determines the market power of the agents and thus price and volume of equilibrium trade.We establish our results by providing a characterization of...
Persistent link: https://www.econbiz.de/10013018182
We analyze demand function competition with a finite number of agents and private information. We show that the nature of the private information determines the market power of the agents and thus price and volume of equilibrium trade.We establish our results by providing a characterization of...
Persistent link: https://www.econbiz.de/10013018251
and normal uncertainty. We establish our results by providing a characterization of the set of all joint distributions …
Persistent link: https://www.econbiz.de/10013045592
and normal uncertainty. We establish our results by providing a characterization of the set of all joint distributions …
Persistent link: https://www.econbiz.de/10013061893