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Cournot and Bertrand-Edgeworth competition when rivals' costs are unknown

Article ID Journal Published Year Pages File Type
5061836 Economics Letters 2008 4 Pages PDF
Abstract

We study a two-stage game with capacity precommitment followed by price competition where firms have incomplete information about their rival's marginal cost. The game has a Cournot outcome if and only if the lowest possible marginal cost is sufficiently high relative to the expected marginal cost.

Keywords
D82L11D21D43L13Incomplete informationCournot
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Cournot and Bertrand-Edgeworth competition when rivals' costs are unknown
Authors
Jason J. Lepore,
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Journal
Economics Letters
Journal: Economics Letters
Related Categories
D82
L11
D21
D43
L13
Incomplete information
Cournot
Economics and Econometrics
Economics, Econometrics and Finance (General)
Finance
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