Incentives for Information Production and Disclosure in a Duopolistic Environment
研究双寡头在不同不完全信息结构下的均衡解,以及企业生产和披露成本信息的激励,发现披露信息通常对双寡头有利。
This paper examines the nature of the equilibrium solution to the duopoly problem under various "incomplete" information structures and the incentives to produce and disclose information. Attention is focused on the duopolists' cost functions. The results indicate that disclosure of such information is generally beneficial to the duopolists.