Showing 1 - 10 of 32
Persistent link: https://www.econbiz.de/10000775554
A Bayesian supply function equilibrium is characterized in a market where firms have private information about their uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition, competitiveness is affected by the parameters of the...
Persistent link: https://www.econbiz.de/10003763172
Persistent link: https://www.econbiz.de/10003894749
A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function equilibrium is characterized; the equilibrium is privately...
Persistent link: https://www.econbiz.de/10003910453
Persistent link: https://www.econbiz.de/10003760569
Persistent link: https://www.econbiz.de/10001714629
Persistent link: https://www.econbiz.de/10011857458
Persistent link: https://www.econbiz.de/10013422663
Persistent link: https://www.econbiz.de/10000135319
Persistent link: https://www.econbiz.de/10009425114