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On the existence of Bayesian Cournot equilibrium

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Author Info
Ezra Einy ()
Ori Haimanko ()
Diego Moreno ()
Benyamin Shitovitz ()

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Abstract

We show that even in very simple oligopolies with differential information a (Bayesian) Cournot equilibrium in pure strategies may not exist, or be unique. However, we find sufficient conditions for existence, and for uniqueness, of Cournot equilibrium in a certain class of industries. More general results arise when negative prices are allowed.

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Paper provided by Universidad Carlos III, Departamento de Economía in its series Economics Working Papers with number we070603.

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Date of creation: Mar 2007
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Handle: RePEc:cte:werepe:we070603

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