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October 10th, 2013, 01:51 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) = abQ Q = q1 + q2 The problem is: each firm has probability v of having unit costs C(L) and 1v 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.... 

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asymmetry, bilateral, cournot, game, information 
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