Corpus ID: 153175670

Information Acquisition in Cournot Markets: An (enhanced) two- Stage Approach

@article{Catilina2002InformationAI,
  title={Information Acquisition in Cournot Markets: An (enhanced) two- Stage Approach},
  author={Eliane Catilina},
  journal={Game Theory and Information},
  year={2002}
}
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\222 information purchasing 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… Expand

References

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