Duopoly information equilibrium: Cournot and Bertrand

DOI10.1016/0022-0531(84)90162-5zbMath0546.90011MaRDI QIDQ798556

Xavier Vives

Publication date: 1984

Published in: Journal of Economic Theory (Search for Journal in Brave)

zbMATH Keywords

subgame perfect equilibriumprivate informationCournot competitionBertrand competitionprivate value of informationsocial value of informationsymmetric differentiated duopoly modeltwo- stage gameuncertain linear demand

Mathematics Subject Classification ID

Applications of game theory (91A80) Microeconomic theory (price theory and economic markets) (91B24) Other game-theoretic models (91A40) Multistage and repeated games (91A20)

Related Items (91)

Cournot and Bertrand equilibria under imperfect information ⋮ Bayesian Nash equilibrium and variational inequalities ⋮ Bilateral information sharing in a supply chain with manufacturer competition ⋮ INFORMATION SHARING ACROSS MULTIPLE BUYERS IN A SUPPLY CHAIN ⋮ Duopoly signal jamming ⋮ Optimal research for Cournot oligopolists ⋮ Information Exchange in Price Setting Mixed Duopoly ⋮ On the existence of Bayesian Cournot equilibrium ⋮ The impact of manufacturer's encroachment and nonlinear production cost on retailer's information sharing decisions ⋮ Information sharing between vertical hierarchies ⋮ Endogenous timing in a mixed duopoly: Price competition ⋮ ASYMMETRIC INFORMATION AND EXCHANGE OF INFORMATION ABOUT PRODUCT DIFFERENTIATION ⋮ Information acquisition behavior: an evolutionary game theory perspective ⋮ International cross-ownership of firms and strategic privatization policy ⋮ Demand forecast sharing in a dual-channel supply chain ⋮ A tale of two markets: labor market mobility and bank information sharing ⋮ Oligopoly, information and welfare ⋮ Duopolistic competition with multiple scenarios and different attitudes toward uncertainty ⋮ When is the value of public information positive in a game? ⋮ Partial commitment in an endogenous timing duopoly ⋮ Information sharing in oligopoly: sharing groups and core-periphery architectures ⋮ Communication and influence ⋮ Pricing and horizontal information sharing in a supply chain with capacity constraint ⋮ Robust results on the sharing of firm-specific information: incentives and welfare effects ⋮ Demand signal transmission in a certified refurbishing supply chain: rules and incentive analysis ⋮ Export versus FDI: Learning through propinquity ⋮ A Repeated Strategy for Dumping ⋮ Public information in Markov games ⋮ Communication in Cournot oligopoly ⋮ Information sharing under different warranty policies with cost sharing in supply chains ⋮ Innovation information sharing between two competitive supply chains ⋮ Poisson-Cournot games ⋮ Information, coordination, and market frictions: an introduction ⋮ Information and volatility ⋮ Cournot competition and the social value of information ⋮ Characterizing social value of information ⋮ Information design and sensitivity to market fundamentals ⋮ Observable versus unobservable R\&D investments in duopolies ⋮ Information advantage and payment disadvantage when selling goods through a powerful retailer ⋮ Consignment contracts with retail competition ⋮ Almost-truthful interim-biased mediation enables information exchange between agents with misaligned interests ⋮ Outsourcing management under various demand information sharing scenarios ⋮ Contracting with demand uncertainty under supply chain competition ⋮ Data and competitive markets: some notes on competition, concentration and welfare ⋮ Information sharing when competing manufacturers adopt asymmetric channel in an e-tailer ⋮ The value of public information in a Cournot duopoly. ⋮ Cooperation in a differentiated duopoly when information is dispersed: a beauty contest game with endogenous concern for coordination ⋮ Entry and espionage with noisy signals ⋮ `Just one of us': Consumers playing oligopoly in mixed markets ⋮ Contract design in a cross-sales supply chain with demand information asymmetry ⋮ The social value of information and the competition motive: price versus quantity games ⋮ Contracting for competitive supply chains under network externalities and demand uncertainty ⋮ The impact of risk aversion on information transmission between firms ⋮ Information precision and asymptotic efficiency of industrial markets ⋮ Disclosure, competition, and learning from asset prices ⋮ Second mover disadvantages in a three-player Stackelberg game with private information ⋮ Manufacturer's revenue-sharing contract and retail competition ⋮ Information sharing networks in linear quadratic games ⋮ Optimal information exchange in contests ⋮ Bilateral information sharing in two supply chains with complementary products ⋮ A manufacturer distribution issue: how to manage an online and a traditional retailer ⋮ Providing data insights to suppliers for product development: incentive analysis of an e-tailer ⋮ Entry and R{\&}D in procurement contracting ⋮ Supply chain coordination with information sharing: the informational advantage of GPOs ⋮ Majoritarian preference, Utilitarian welfare and public information in Cournot oligopoly ⋮ Shared network investment ⋮ The value of information in oligopoly with demand uncertainty ⋮ An auction model arising from an internet search service provider ⋮ Who benefits from bilateral information exchange in a retail channel? ⋮ On the value of information sharing and cooperative price setting ⋮ Duopoly information sharing with differentiated products ⋮ Channel efficiency and retailer tier dominance in a supply chain with a common manufacturer ⋮ Should vertically integrated platforms be mandated to share information with their rivals? ⋮ Timing of information acquisition in a competitive environment ⋮ On the Existence of Nash Equilibrium in Bayesian Games ⋮ Demand Forecasting and Pricing Decision with the Entry of Store Brand under Various Information Sharing Scenarios ⋮ Information disaggregation and incentives for non-collusive information sharing ⋮ Information leakage in a cross-border logistics supply chain considering demand uncertainty and signal Inference ⋮ Technological competition, uncertainty, and oligopoly ⋮ The complex dynamics of Bertrand-Stackelberg pricing models in a risk-averse supply chain ⋮ Quantifying and mitigating inefficiency in information acquisition under competition ⋮ Strategic information flow under the influence of industry structure ⋮ Coalition-proof information exchanges ⋮ Duopoly experimentation: Cournot competition ⋮ SUBSIDIZATION AND BARGAINING IN MIXED OLIGOPOLIES ⋮ Flexibility in a Stackelberg leadership with differentiated goods ⋮ Spying in Bertrand markets under incomplete information: who benefits and is it stable? ⋮ Information advantage in Cournot oligopoly ⋮ How to share partial information with competitive manufacturers ⋮ Information sharing about a demand shock ⋮ Cournot competition under uncertainty: conservative and optimistic equilibria

Cites Work

• The value of information in a sealed-bid auction
• Reexamination of the perfectness concept for equilibrium points in extensive games
• Information Sharing in Oligopoly
• A Theory of Auctions and Competitive Bidding
• Strategic Information Transmission
• Games with Incomplete Information Played by ‘Bayesian’ Players, Part III. The Basic Probability Distribution of the Game

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