Justifiability of Bayesian Implementation in Oligopolistic Markets

We show that in oligopolistic markets the social choice correspondence which selects all socially efficient outcomes is Nash implementable if the number of firms is at least two. Thus, monopoly regulation whenever consumers are favored by the designer or the society is the only framework, among all oligopolistic regulatory models, where Bayesian approach is indispensable.

MoreLess

Year of publication:	1997
Authors:	Koray, Semih ; Saglam, Ismail

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Type of publication:	Book / Working Paper
Language:	English
Notes:	Koray, Semih and Saglam, Ismail (1997): Justifiability of Bayesian Implementation in Oligopolistic Markets.
Classification:	D82 - Asymmetric and Private Information ; D70 - Analysis of Collective Decision-Making. General ; L50 - Regulation and Industrial Policy. General
Source:	BASE

Persistent link: https://www.econbiz.de/10015235834