This paper analyzes a differentiated duopoly model with cost uncertainty in an environment where information sharing is prohibited. The duopolists can commit themselves to be a Stackelberg leader or follower at the time when they know the distribution, but not the actual values, of their own and...

In 1993, the Danish antitrust authority decided to gather and publish firm-specific transactions prices for two grades of ready-mixed concrete in three regions of Denmark. Following initial publication, average prices of reported grades increased by 15-20 percent within one year. The authors...

The authors study investment decisions in a farmers' cooperative. Farmers sell their products through the cooperative. Before production takes place, the cooperative has to decide on an investment. The authors study whether voting on investment leads to efficient investment decisions. The answer...