Information Advantage in Cournot Oligopoly |
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| Authors: | Ezra EinyDiego Moreno Benyamin Shitovitz |
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| Affiliation: | a Department of Economics, Ben Gurion University of the Negev, Beer Sheva, Israel, 84105f1einy@bgumail.bgu.ac.ilf1b Departmento de Econom?́a, Universidad Carlos III de Madrid, 28903, Getafe, Spainf2dmoreno@eco.uc3m.esf2c Department of Economics, University of Haifa, Haifa, Israel, 31905f3binya@econ.haifa.ac.ilf3 |
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| Abstract: | Consider an oligopolistic industry where firms have access to the same technology but are asymmetrically informed about the environment. Even though it is commonplace to think that in this context superior information leads to higher profits, we find that under Cournot competition this is not generally the case: It holds when firms' technology exhibits constant returns to scale, but it does not necessarily hold otherwise. Journal of Economic Literature Classification Numbers: C72, D43, L13. |
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| Keywords: | oligopoly information advantage Cournot competitition |
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