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Privatisierung 1 Privatization 1 Risiko 1 Risk 1 Theorie 1 Theory 1
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Lagerlöf, Johan 1
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Department of Economics University of Copenhagen, Discussion Papers 1
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Bertrand Under Uncertainty : Private and Common Costs
Lagerlöf, Johan - 2016
This paper proposes an n-firm homogeneous-good Bertrand model with private information about costs. The model allows for any non-negative correlation between the cost draws and for any demand elasticity but still yields a closed-form solution. The solution is simple, in pure strategies, and...
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