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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...
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A uniform pricing rule may enable the communication of demand information from buyer to seller in situations where this would not have been possible if the seller could price discriminate. Importantly, such a rule can benefit both buyer and seller.
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