uncertainty because contingent pricing may increase the firm’s profit but may decrease consumer surplus and market share. This … article compares the two pricing strategies under cost uncertainty in terms of the firm’s profit, consumer surplus, and market …

This paper proposes an n-firm homogeneous-good Bertrand model with private information about costs. The model allows … of the winner's curse arises. This framework is used to study the question whether cost uncertainty softens competition … uncertainty indeed softens competition …

Optimal layoff rules in closed form are derived for all workers in a firm that downsizes under uncertainty and faces … heterogeneous firing costs. The theoretical model predicts that the firm displaces workers with low firing costs, low expected … aircraft building company that went bankrupt in 1996 shows that workers with high uncertainty associated with higher than …

It is well known that uncertainty concerning firms’ costs as well as market power of the latter have to be taken into … against the background of uncertain emission control costs and various degrees of the polluting firms’ market power …. -- Cournot oligopoly ; external diseconomies of pollution ; cost uncertainty ; emission standard ; emission tax …