An Analysis of a Duopoly with Incomplete Information
An Analysis of a Duopoly with Incomplete Information
Author(s): Cătălin Angelo Ioan, Gina IoanSubject(s): Economy
Published by: Editura Universitară Danubius
Keywords: duopoly; Cournot; Stackelberg; leader
Summary/Abstract: In this paper we analyze the case of two firms A and B, each competing with the other under conditions of incomplete information. The analysed cases are: company A assume one of the following roles: either ignore the firm B or leading production or leading price acting as if B knows its intention and firm B acts either ignoring company A, or as satellite of production or satellite of price acting as if A knows its intention.
Journal: Acta Universitatis Danubius. Œconomica
- Issue Year: 12/2016
- Issue No: 5
- Page Range: 5-18
- Page Count: 14
- Language: English
