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This is a study of the incentive of firms to disclose private information about their costs to competitors (when firms compete by setting quantitites). This paper expands on previous contributions by analyzing a model in which firms decide whether to disclose their cost information to their...
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In a recent paper, Alipranti et al. (2014, Price vs. quantity competition in a vertically related market, Economics Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to Bertrand competition if the upstream firm subsidises...
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We examine the strategic use of Corporate Social Responsibility (CSR) in imperfectly competitive markets. The level of CSR determines the weight a firm puts on consumer surplus in its objective function before it decides upon supply. First, we consider symmetric Cournot competition and show that...
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