The value of information in oligopoly with demand uncertainty

DOI10.1007/BF02339579MaRDI QIDQ698255zbMATH OpenFDO

Authors Dan Sasaki

Publication date 24 September 2003

Published in Journal of Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/BF02339579

zbMATH Keywords

Bayes-Nash equilibriastrategic complementaritysuperadditive value of informationsupermodular game

Mathematics Subject Classification ID

Multistage and repeated games (91A20) Other game-theoretic models (91A40)

Review text

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.

Recommendations

• The value of public information in a Cournot duopoly.
• The value of information in a simple duopoly model
• scientific article; zbMATH DE number 2129483
• Information Sharing in Oligopoly
• Duopoly information equilibrium: Cournot and Bertrand

Cites work

• Duopolists don't wish to share information
• Duopoly information equilibrium: Cournot and Bertrand
• Exchange of Cost Information in Oligopoly
• Information Sharing in Oligopoly
• Information Transmission--Cournot and Bertrand Equilibria
• Strategic Information Revelation
• The value of information in a simple duopoly model
• The values of information in some nonzero sum games

Cited in

(8)

• The value of information in a simple duopoly model
• The value of public information in a Cournot duopoly.
• The value of information for price dependent demand
• scientific article; zbMATH DE number 51090 (Why is no real title available?)
• Dynamic Oligopoly with Incomplete Information
• The effects of demand uncertainty on channel structure
• Duopoly firms' decisions on disclosing their R\&D investment information
• The competitive firm under price uncertainty: The role of information and hedging

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