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The value of public information in a cournot duopoly

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  • Einy, Ezra
  • Moreno, Diego
  • Shitovitz, Benyamin

Abstract

We derive alternative sufficient conditions for the value of public information to be either positive or negative in a Cournot duopoly where firms technology exhibits constant returns to scale.

Suggested Citation

  • Einy, Ezra & Moreno, Diego & Shitovitz, Benyamin, 2002. "The value of public information in a cournot duopoly," UC3M Working papers. Economics we024617, Universidad Carlos III de Madrid. Departamento de Economía.
  • Handle: RePEc:cte:werepe:we024617
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    References listed on IDEAS

    as
    1. Esther Gal-or, 1986. "Information Transmission—Cournot and Bertrand Equilibria," Review of Economic Studies, Oxford University Press, vol. 53(1), pages 85-92.
    2. Marco Ottaviani & Andrea Prat, 2001. "The Value of Public Information in Monopoly," Econometrica, Econometric Society, vol. 69(6), pages 1673-1683, November.
    3. William Novshek, 1985. "On the Existence of Cournot Equilibrium," Review of Economic Studies, Oxford University Press, vol. 52(1), pages 85-98.
    4. Sakai, Yasuhiro, 1985. "The value of information in a simple duopoly model," Journal of Economic Theory, Elsevier, vol. 36(1), pages 36-54, June.
    5. Einy, Ezra & Moreno, Diego & Shitovitz, Benyamin, 2002. "Information Advantage in Cournot Oligopoly," Journal of Economic Theory, Elsevier, vol. 106(1), pages 151-160, September.
    6. Vives, Xavier, 1984. "Duopoly information equilibrium: Cournot and bertrand," Journal of Economic Theory, Elsevier, vol. 34(1), pages 71-94, October.
    7. Gal-Or, Esther, 1985. "Information Sharing in Oligopoly," Econometrica, Econometric Society, vol. 53(2), pages 329-343, March.
    8. Amir, Rabah, 1996. "Cournot Oligopoly and the Theory of Supermodular Games," Games and Economic Behavior, Elsevier, vol. 15(2), pages 132-148, August.
    9. Jean-Pierre Ponssard, 1979. "The Strategic Role of Information on the Demand Function in an Oligopolistic Market," Management Science, INFORMS, vol. 25(3), pages 243-250, March.
    10. Green, Jerry R, 1981. "Value of Information with Sequential Futures Markets," Econometrica, Econometric Society, vol. 49(2), pages 335-358, March.
    11. Ori Haimanko & Aner Sela & Ram Orzach & Ezra Einy, 2002. "Dominant strategies, superior information, and winner's curse in second-price auctions," International Journal of Game Theory, Springer;Game Theory Society, vol. 30(3), pages 405-419.
    12. Jean-Jacques Laffont, 1989. "The Economics of Uncertainty and Information," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121360, January.
    13. Edward E. Schlee, 2001. "The Value of Information in Efficient Risk-Sharing Arrangements," American Economic Review, American Economic Association, vol. 91(3), pages 509-524, June.
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    Citations

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    Cited by:

    1. Finus, Michael & Pintassilgo, Pedro, 2013. "The role of uncertainty and learning for the success of international climate agreements," Journal of Public Economics, Elsevier, vol. 103(C), pages 29-43.
    2. Einy, Ezra & Haimanko, Ori & Moreno, Diego & Shitovitz, Benyamin, 2010. "On the existence of Bayesian Cournot equilibrium," Games and Economic Behavior, Elsevier, vol. 68(1), pages 77-94, January.
    3. Chiara CONTI, 2013. "Asymmetric information in a duopoly with spillovers: new findings on the effects of RJVs," Departmental Working Papers 2013-04, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    4. Arsen Palestini & Ilaria Poggio, 2015. "A Bayesian potential game to illustrate heterogeneity in cost/benefit characteristics," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 62(1), pages 23-39, March.
    5. repec:spr:joecth:v:63:y:2017:i:4:d:10.1007_s00199-016-0974-3 is not listed on IDEAS
    6. Andreas Szczutkowski, 2010. "The Social Value of Cost Information in a Monopolistically Competitive Economy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 12(2), pages 345-362, April.
    7. Luo, Jianli, 2012. "Information acquisition under uncertainty: The case of labor-managed and profit-maximizing firms coexist," Economic Modelling, Elsevier, vol. 29(6), pages 2527-2532.
    8. Ezra Einy & Diego Moreno & Benyamin Shitovitz, 2014. "The Value of Public Information in Common-Value Tullock Contests," Working Papers 1408, Ben-Gurion University of the Negev, Department of Economics.
    9. Kloosterman, Andrew, 2015. "Public information in Markov games," Journal of Economic Theory, Elsevier, vol. 157(C), pages 28-48.
    10. Shlomit Hon-Snir & Benyamin Shitovitz & Menahem Spiegel, 2010. "Bayesian Equilibrium in a Public Good Economy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 12(2), pages 387-398, April.
    11. Oriol Carbonell-Nicolau & Richard McLean, 2014. "On the existence of Nash equilibrium in Bayesian games," Departmental Working Papers 201402, Rutgers University, Department of Economics.
    12. Dubey, Pradeep, 2013. "The role of information in contests," Economics Letters, Elsevier, vol. 120(2), pages 160-163.

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