This paper is concerned with confidentiality of vertical information sharing in a supply chain consisting of one manufacturer in the upstream and two or more retailers in the downstream engaging in a Bertrand competition. Each retailer has some private information about the uncertain demand and...

A firm hires a consultant to acquire demand information. The outcome of information acquisition may turn out to be successful such that the firm becomes informed of the market demand, or unsuccessful such that it remains uninformed. After the outcome becomes clear, the firm learns its...