Unequal Treatment of Identical Agents in Cournot Equilibrium: Private and Social Advantages
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چکیده
منابع مشابه
Information and Market Power∗
We analyze demand function competition with a finite number of agents and private information. We show that the nature of the private information determines the market power of the agents and thus price and volume of equilibrium trade. We establish our results by providing a characterization of the set of all joint distributions over demands and payoff states that can arise in equilibrium under...
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