Bayesian Cournot, Game Theory

Consider the Cournot duopoly model in which two firms, 1 and 2, simultaneously choose the quantities they will sell in the market, q1 and q2. The price each receives for each unity given these quantities is P (q1, q2) = a - b(q1 + q2). Suppose that each firm has probability µ of havingunitcostsofcL and(1-µ)ofhavingunitcostsofcH,wherecH >cL. Solveforthe Bayesian Nash equilibrium.
Posted Date: 10/17/2012 7:05:05 AM | Location : United States

Related Discussions:- Bayesian Cournot, Assignment Help, Ask Question on Bayesian Cournot, Get Answer, Expert's Help, Bayesian Cournot Discussions

Write discussion on Bayesian Cournot
Your posts are moderated
Related Questions
Scenario The French thinker, Jean Jacques Rousseau, presented the subsequent state of affairs. 2 hunters will either jointly hunt a stag (an adult deer and rather massive meal)

mixed strategy game with ordinal and cardinal payoffs example please

A type of initial worth auction during which a "clock" initially indicates a worth for the item for sale substantially beyond any bidder is probably going to pay. Then, the clock g

Matches or different objects are organized in 2 or a lot of piles. Players alternate removing some or all of the matches from anyone pile. The player to get rid of the last match w

An auction associates who submits offers (or bids) to sale or buy  the goods being auctioned.

When players interact by enjoying an identical stage game (such because the prisoner's dilemma) varied times, the sport is termed a repeated game. not like a game played once, a re

A type of auction in which the highest bidder is rewarded the object, but all bidders pay the auctioneer their bids. This differs from traditional first price auctions in which onl

recently i joined a network marketing company called am worried about its legality and functioning.. please help if netwok marketing works?

Two individuals, Player 1 and Player 2, are competing in an auction to obtain a valuable object. Each player bids in a sealed envelope, without knowing the bid of the other player.

A bidding increment is defined by the auctioneer as the least amount above the previous bid that a new bid must be in order to be adequate to the auctioneer. For example, if the in