and public signals. We show that competition leads the two firms to invest too early and analyse collusion schemes whereby …

meeting competition clauses yield higher payoffs compared to Q-learning algorithms. …

in models of Cournot and Bertrand competition. Products are of different quality, consumers buy sequentially and are … consumer learning. Thus, we find an information-based difference between Cournot and Bertrand competition: in the Bertrand … setting consumer learning increases the competition, i.e. products are more likely to be substitutes, and it weakens it in the …