Fulfilled Expectations Cournot Duopoly with Information Acquisition and Release
Volume: Volume 13, No. 1
Issue: Spring 1982
Pages: pp. 214-218
Authors: William Novshek and Hugo Sonnenschein
Title: Fulfilled Expectations Cournot Duopoly with Information Acquisition and Release
Abstract: This article studies the fulfilled expectations equilibrium for a Cournot duopoly model in which firms acquire information about uncertain linear demand. Several propositions are established concerning the incentives to acquire and release information in this duopoly environment.
JEL Classification
Microeconomics Theory of Firm and Industry under Imperfectly Competitive Market Structures (0226)