This is a study of the incentive of firms to disclose private information about their costs to competitors (when firms compete by setting quantitites). This paper expands on previous contributions by analyzing a model in which firms decide whether to disclose their cost information to their...

An innovative firm chooses strategically whether to patent its process innovation or rely on secrecy. By doing so, the firm manages its rival’s beliefs about the size of the innovation, and affects the incentives in the product market. Different measures of competitive pressure in the product...

We compare an n-firm Cournot model with a Stackelberg model, where n-firms choose outputs sequentially, in a stochastic demand environment with private information. The expected total output, consumer surplus, and total surplus are lower, while expected price and total profits are higher in...