Secret Information Acquisition in Cournot Markets

  title={Secret Information Acquisition in Cournot Markets},
  author={Esther Hauk and Sjaak},
Two-stage game models of information acquisition in stochastic oligopolies require the assumption that rms observe the precision of information chosen by their competitors before determining quantities. This paper analyzes secret information acquisition as a one-stage game. Relative to the two-stage game rms are shown to acquire less information. Policy… CONTINUE READING

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