Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061836 | Economics Letters | 2008 | 4 Pages |
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jason J. Lepore,