Cournot competition and the social value of information

DOI10.1016/J.JET.2014.07.011MaRDI QIDQ896960zbMATH OpenOpenAlexFDO

Authors David P. Myatt, Chris C. Wallace

Publication date 15 December 2015

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

Full work available at URL https://doi.org/10.1016/j.jet.2014.07.011

zbMATH Keywords

uncertaintyCournot oligopolyinformation acquisitionBayesian equilibriumpublic and private information

Mathematics Subject Classification ID

Economics of information (91B44) Special types of economic markets (including Cournot, Bertrand) (91B54)

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Cites work

• A general model of information sharing in oligopoly
• Aggregation of Information in Large Cournot Markets
• Characterizing social value of information
• Cournot and Bertrand equilibria under imperfect information
• Duopoly information equilibrium: Cournot and Bertrand
• Efficient Use of Information and Social�Value�of�Information
• Endogenous Information Acquisition in Coordination Games
• Endogenous Learning, Learning by Doing and Information Sharing
• Exchange of Cost Information in Oligopoly
• Information Acquisition and Relative Efficiency of Competitive, Oligopoly and Monopoly Markets
• Information Sharing in Oligopoly
• Information Transmission--Cournot and Bertrand Equilibria
• Knowing What Others Know: Coordination Motives in Information Acquisition
• Learning from private and public observations of others' actions
• Oligopoly, information and welfare
• Optimal information acquisition for heterogeneous duopoly firms
• Optimal research for Cournot oligopolists
• Secret information acquisition in Cournot markets
• Strategic supply function competition with private information
• Uncertainty Resolution, Private Information Aggregation and the Cournot Competitive Limit

Cited in

(15)

• The social value of information with an endogenous public signal
• Searching for information
• Information exchange in price setting mixed duopoly
• The social value of public information with costly information acquisition
• Information acquisition and use by networked players
• Efficient mechanisms with information acquisition
• The value of information in a simple duopoly model
• Cooperation in a differentiated duopoly when information is dispersed: a beauty contest game with endogenous concern for coordination
• Information acquisition and welfare in network games
• Efficient Use of Information and Social�Value�of�Information
• Information, coordination, and market frictions: an introduction
• Endogenous information acquisition with Cournot competition
• Market information and firm performance
• The value of public information in a Cournot duopoly.
• The social value of information and the competition motive: price versus quantity games

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