Cournot Model of Duopoly with Incomplete Information
نویسندگان
چکیده
منابع مشابه
Duopoly Information Equilibrium: Cournot and Bertrand
Consider a symmetric differentiated duopoly model in which firms have private market data about the uncertain demand. We analyze two types of duopoly information equilibrium, Cournot and Bertrand, which emerge, respectively, from quantity and price competition, and show that the incentives for information sharing and its welfare consequences depend crucially on the type of competition, the natu...
متن کاملInformation in Cournot: Signaling with Incomplete Control
We embed signaling in the classical Cournot model in which several firms sell a homogeneous good. The quality is known to all the firms, but only to some buyers. The quantity-setting firms can manipulate the price to signal quality. Because there is only one price in a market for a homogeneous good, each firm incompletely controls the price-signal through the quantity decision. We characterize ...
متن کاملInformation exchange in a Cournot duopoly with nonlinear demand function
We study information sharing in a Cournot duopoly with isoelastic demand function, when the elasticity is uncertain. This is one of the rst attempts to analyze the role of nonlinearity in such a framework. We found important results about the pro tability of sharing informations when marginal costs are high and/or the variance between elasticity values is low. From the point of view of welfare ...
متن کاملA dynamic Cournot duopoly model with different strategies
ess as: A ciety (20 and host s.2014.0 Abstract This paper analyzes the dynamics of a Cournot duopoly model with different strategies. We offer results on existence, stability and local bifurcations of the equilibrium points. The bifurcation diagrams and Lyapunov exponents of the model are presented to show that the model behaves chaotically with the variation in the parameters. The state variab...
متن کاملComplexity Analysis of a Cournot-Bertrand Duopoly Game Model with Limited Information
A Cournot-Bertrand mixed duopoly game model with limited information about the market and opponent is considered, where the market has linear demand and two firms have the same fixed marginal cost. The principles of decision-making are bounded rational. One firm chooses output and the other chooses price as decision variable, with the assumption that there is a certain degree of differentiation...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Southeast Europe Journal of Soft Computing
سال: 2012
ISSN: 2233-1859
DOI: 10.21533/scjournal.v1i1.71