Simultaneous Price Changes, Information Acquisition on Common Competitors and Welfare

We investigate a model where two firms choose whether to acquire information on a common competitor. We find that strategic complementarity on information acquisition exists, yielding multiple equilibria. In addition, we investigate welfare implication of information acquisition. We find that information acquisition reduces both consumer surplus and the total profits of the firms

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Year of publication:	2008
Authors:	Kitahara, Minoru ; Matsumura, Toshihiro
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Oligopol \| Oligopoly \| Wissenstransfer \| Knowledge transfer

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Extent:	1 Online-Ressource (7 p)
Type of publication:	Book / Working Paper
Language:	English
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014212744