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Persistent link: https://www.econbiz.de/10001861492
The trade-off between the costs and benefits of disclosing a firm's private information has been the object of a vast literature. The absence of incentives to share information on a common market demand prior to competition has been advocated to interpret information sharing as evidence of...
Persistent link: https://www.econbiz.de/10013171765
We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect … oligopoly game. …
Persistent link: https://www.econbiz.de/10008822617
We experimentally study the effect of information about competitors ́actions on cartel stability and firms ́incentives to form cartels in Cournot markets. As in previous experiments, markets become very competitive when individualized information is available and participants cannot...
Persistent link: https://www.econbiz.de/10010532614
large enough. -- information sharing ; oligopoly ; networks ; Bayesian equilibrium …
Persistent link: https://www.econbiz.de/10009731783
We investigate a firm's pre-emptive behavior by comparing Cournot competition and Stackelberg games with one leader and multiple followers, where each firm has access to private information on stochastic demand. We show that the firm prefers pre-emptive quantity choice (Stackelberg leader) to...
Persistent link: https://www.econbiz.de/10012852665
We propose an empirical framework for a Cournot-oligopoly model where firms have private information about their own …
Persistent link: https://www.econbiz.de/10012859886
We experimentally study the effect of information about competitors' actions on cartel stability and firms' incentives to form cartels in Cournot markets. As in previous experiments, markets become very competitive when individualized information is available and participants cannot communicate....
Persistent link: https://www.econbiz.de/10013022876
We analyze firms' ability to sustain collusion in a setting in which horizontally differentiated firms can price-discriminate based on private information regarding consumers' preferences. In particular, firms receive private signals which can be noisy (e.g., big data predictions). We find that...
Persistent link: https://www.econbiz.de/10011892956