Cournot Information Sharing under Demand Slope Uncertainty

摘要：

Consider a model where two firms with differentiated products compete in quantities and own the same technology and are symmetrically informed about the random demand.Suppose that the slope of the demand curve facing the firm is unknown,especially which contains own-price effect and cross-effect,then we show that when both firms sufficiently gain posterior probabilities and only have prior beliefs,firms earn higher profit when they share information than not to share information regardless of whether the goods are substitutes or complements.

关键词： Cournot Information sharing Prior beliefs Substitutes or complements Slope uncertainty

作者: Jin XU Jian-min WANG

作者单位: School of Mathematics,Shandong University,Jinan 250100,P.R.China

会议类型: 国际会议

会议名称: The 2008 International Conference on Business Intelligence and Financial Engineering(BIFE 2008)(商业智能和金融工程国际会议)

会议地点: 长沙

会议语种:英文

页码: 281-287

在线出版日期: 2008-10-28（万方平台首次上网日期，不代表论文的发表时间）