My Math Forum  

Go Back   My Math Forum > College Math Forum > Applied Math

Applied Math Applied Math Forum


Reply
 
LinkBack Thread Tools Display Modes
October 10th, 2013, 12:51 AM   #1
Newbie
 
Joined: Oct 2013

Posts: 25
Thanks: 0

Cournot game with bilateral information asymmetry

I'm not sure whether I post this question in the right subforum.

I've got a Game Theory related question.

There is a Cournot market with 2 firms.
Demand: P(Q) = a-bQ
Q = q1 + q2

The problem is: each firm has probability v of having unit costs C(L) and 1-v of having unit costs C(H), where C(H) > C(L).

How can I solve the Bayesian Nash equilibrium of this game?
I do know how to solve the game when 1 firm has uncertainty about their costs. However, now both firms have this uncertainty. I'm confused....
Pvunderink is offline  
 
Reply

  My Math Forum > College Math Forum > Applied Math

Tags
asymmetry, bilateral, cournot, game, information



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Analyzing a game for fairness? (game theory question) musicgold Economics 0 March 14th, 2012 08:04 PM
asymmetry and symmetry ? Logarithm Real Analysis 1 September 24th, 2011 10:40 PM
[game theory] Election game lkzavr Economics 1 April 22nd, 2009 11:35 AM
[game theory] Election game lkzavr Applied Math 1 December 31st, 1969 04:00 PM
Cournot game with bilateral information asymmetry Pvunderink Algebra 0 December 31st, 1969 04:00 PM





Copyright © 2019 My Math Forum. All rights reserved.