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On a homogeneous oligopoly market informed sellers are fully aware of market demand whereas uninformed sellers only know the distribution. We first derive the market results when sellers are risk averse, similarly to Ponssard (1979) who assumed risk neutrality throughout. With the help of these...
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Allocation Strategy ; Entrepreneurship ; Questionnaire Experiment …
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economic theory suggests to solve the decision problem. But since real decision makers can hardly be expected to behave …
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