The value of information in oligopoly with demand uncertainty (Q698255)
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| Language | Label | Description | Also known as |
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| English | The value of information in oligopoly with demand uncertainty |
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The value of information in oligopoly with demand uncertainty (English)
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24 September 2003
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Consider a duopoly game in normal form, where demand is linear but unknown. Cost is also linear. Consider the Bayes-Nash equilibria of such a game. The main result of the paper is that the value of information is superadditive among the players if the game is supermodular. An analogous result for subadditive/submodular also holds.
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strategic complementarity
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superadditive value of information
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supermodular game
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Bayes-Nash equilibria
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