The value of information in oligopoly with demand uncertainty (Q698255)

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scientific article; zbMATH DE number 1802499
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    The value of information in oligopoly with demand uncertainty
    scientific article; zbMATH DE number 1802499

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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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