Information advantage in Cournot oligopoly

Ezra Einy, Diego Moreno, Benyamin Shitovitz

Research output: Contribution to journalArticlepeer-review

24 Scopus citations

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.

Original languageEnglish
Pages (from-to)151-160
Number of pages10
JournalJournal of Economic Theory
Volume106
Issue number1
DOIs
StatePublished - 1 Sep 2002

Keywords

  • Cournot competition
  • Information advantage
  • Oligopoly

ASJC Scopus subject areas

  • Economics and Econometrics

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