Lagerlöf Johan N.M. - In: The B.E. Journal of Theoretical Economics 6 (2006) 1, pp. 1-6
If Cournot oligopolists face uncertainty about the intercept of a linear demand function and if the realized market price must be non-negative, then expected demand becomes convex, which can create a multiplicity of equilibria. This note shows that if the distribution of the demand intercept has...