Corpus ID: 155291414

Information Acquisition in Cournot Games: A (Enhanced) two stage approach

  title={Information Acquisition in Cournot Games: A (Enhanced) two stage approach},
  author={Eliane Catilina},
This paper presents an alternative or enhanced approach to information acquisition in Cournot markets with stochastic demand in which the cost of information acquisition is endogenously determined by firms� information p urchasing strategy. I propose a two-stage model in which in the first stage each firm decides whether it will join a coalition to purchase information and therefore share the cost of information acquisition, to individually purchase information, or to remain uninformed. In the… Expand