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Strategic Commitment Under Uncertainty with Private Information

Harris, Richard and Lewis, Tracy R. (1982) Strategic Commitment Under Uncertainty with Private Information. Social Science Working Paper, 450. California Institute of Technology , Pasadena, CA. (Unpublished) http://resolver.caltech.edu/CaltechAUTHORS:20170926-155946700

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Abstract

The paper takes the approach that observed differences in firm size and market share may be explained by producers having access to different Information at the time of their Investment decisions. This view is examined in a duopoly production model where each firm commits itself to a production plan based on proprietary Information on future market conditions. The model is used to analyze the effect of different Information structures on market conduct and performance.


Item Type:Report or Paper (Working Paper)
Group:Social Science Working Papers
Record Number:CaltechAUTHORS:20170926-155946700
Persistent URL:http://resolver.caltech.edu/CaltechAUTHORS:20170926-155946700
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:81860
Collection:CaltechAUTHORS
Deposited By: Jacquelyn Bussone
Deposited On:26 Sep 2017 23:41
Last Modified:26 Sep 2017 23:41

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