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We compare an n-firm Cournot model with a Stackelberg model, where n-firms choose outputs sequentially, in a stochastic demand environment with private information. The expected total output, consumer surplus, and total surplus are lower, while expected price and total profits are higher in...
Persistent link: https://www.econbiz.de/10014113171
market where buyers only observe the average quality supplied. The model is a generalization of the standard Cournot duopoly …
Persistent link: https://www.econbiz.de/10010281170
market where buyers only observe the average quality supplied. The model is a generalization of the standard Cournot duopoly … quantity-setting helps prevent market unraveling. -- Cournot competition ; quality ; duopoly ; asymmetric information ; Nash …
Persistent link: https://www.econbiz.de/10003254850
Persistent link: https://www.econbiz.de/10012011379
We study the strategic disclosure of demand information and product-market strategies of duopolists. In a setting where both firms receive information with some probability, we show that firms selectively disclose information in equilibrium in order to influence their competitorś product-market...
Persistent link: https://www.econbiz.de/10011301237
standard oligopoly; above the higher threshold there is a unique equilibrium in which all firms disregard that impact as in …
Persistent link: https://www.econbiz.de/10011715927
We analyze a symmetric Bayesian game in which two players individually contribute to fund a discrete public good; contributions are refunded if they do not meet a threshold set by the seller of the good. We provide a general characterization of symmetric equilibrium strategies that are continuous...
Persistent link: https://www.econbiz.de/10012726475
We study the voluntary provision of a discrete public good via the contribution game. Players independently and simultaneously make nonrefundable contributions to fund a discrete public good, which is provided if and only if the contributions are at least as great as the cost of production. We...
Persistent link: https://www.econbiz.de/10014051626
This study analyzes one-leader and multiple-follower Stackelberg games with private information regarding demand uncertainty. In the equilibrium of the Stackelberg games, a leader's private information becomes public information among followers. This study demonstrates that the strategic...
Persistent link: https://www.econbiz.de/10010381478
We study the strategic disclosure of demand information and product-market strategies of duopolists. In a setting where both firms receive information with some probability, we show that firms selectively disclose information in equilibrium in order to influence their competitor's product-market...
Persistent link: https://www.econbiz.de/10013018445