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Cournot competition in the joint products market under demand uncertainty

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  • Mahito Okura

Abstract

The purpose of this study is to analyze the market in Cournot competition under demand uncertainty when two firms compete with two joint products which are indivisible multiple goods, such as petroleum products. We investigate the situations in which no, either, or both firms have either no demand information or have demand information in one or both markets and examine how the differences in information structures affect the equilibrium expected profit of each firm.

Suggested Citation

  • Mahito Okura, 2021. "Cournot competition in the joint products market under demand uncertainty," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(5), pages 1105-1116, July.
    • Handle: RePEc:wly:mgtdec:v:42:y:2021:i:5:p:1105-1116
    DOI: 10.1002/mde.3294
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    References listed on IDEAS

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