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We study the problem of information sharing in oligopoly, when sharing decisions are taken before the realization of …
Persistent link: https://www.econbiz.de/10003912124
; oligopoly ; networks ; Bayesian equilibrium …We study the problem of information sharing in oligopoly, when sharing decisions are taken before the realization of …
Persistent link: https://www.econbiz.de/10009731151
large enough. -- information sharing ; oligopoly ; networks ; Bayesian equilibrium … information. We show that if signals are i.i.d., then pairwise stable networks of sharing agreements are either empty or made of …
Persistent link: https://www.econbiz.de/10009731783
information. We show that if signals are i.i.d., then pairwise stable networks of sharing agreements are either empty or made of …
Persistent link: https://www.econbiz.de/10012712704
Persistent link: https://www.econbiz.de/10011378590
This paper further develops the standard modelling of information exchange between firms in the presence of cost uncertainty. In order to avoid consistency problems, we replace the normal distribution of the random variables, commonly used because of its convenient mathematical properties, by an...
Persistent link: https://www.econbiz.de/10010301809
This paper further develops the standard modelling of information exchange between firms in the presence of cost uncertainty. In order to avoid consistency problems, we replace the normal distribution of the random variables, commonly used because of its convenient mathematical properties, by an...
Persistent link: https://www.econbiz.de/10009149247
This paper examines the informativeness of consumer information networks and their effect on price competition between … and as such become better informed. The main result of this paper shows how informative such networks are by … degree of competition, as consumers comparing more prices induce firms to compete more fiercely. We find that larger networks …
Persistent link: https://www.econbiz.de/10013045761
Two-stage game models of information acquisition in stochastic oligopolies require the unrealistic assumption that firms observe the precision of information chosen by their competitors before determining quantities. This paper analyzes secret information acquisition as a one-stage game....
Persistent link: https://www.econbiz.de/10005827492
Two-stage game models of information acquisition in stochastic oligopolies require the assumption that firms observe the precision of information chosen by their competitors before determining quantities. This paper analyzes secret information acquisition as a one-stage game. Relative to the...
Persistent link: https://www.econbiz.de/10005753335