Note on Risk Aversion and Sharing of Firm-Specific Information in Duopolie
扩展了风险厌恶对双寡头信息共享偏好的研究,发现古诺双寡头偏好共享信息的结论在某些参数下不再成立,风险厌恶程度越高,不共享信息的参数区域越大。
This note extends earlier work on the effects of risk aversion on the preferences of duopolists to share information. It is shown that the common finding that Cournot duopolists prefer to share firm-specific information no longer obtains for some parameterizations. In particular, the greater the aversion to risk, the larger the parameter regions in which not sharing information is preferred. Copyright 1993 by Blackwell Publishing Ltd.