rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Essays on the theory of information in a duopoly market
  name:
    name part: Seo (Lee), Nam Soon
    name part: 1952-
    role:
      role term: creator
  name:
    name part: Hwang, Hae-Shin
    role:
      role term: degree supervisor.
  name:
    name part: Saving, Thomas R.
    role:
      role term: degree supervisor.
  name:
    name part: Battalio, Raymond C.
    role:
      role term: degree committee member.
  name:
    name part: Newton, H. Joseph
    role:
      role term: degree committee member.
  name:
    name part: Texas A & M University
    role:
      role term: degree granting institution.
  type of resource: text
  genre: bibliography
  genre: Academic theses
  origin info:
    place:
      place term: xx
    date issued: 1988
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: print
    extent: ix, 132 leaves : illustrations ; 29 cm
  abstract: We analyze the incentive for Cournot duopolists to share information, when firms are endowed with private information on the stochastic market demand. Most studies on this issue conclude that, under a common set of assumptions, no sharing is the unique Cournot-Nash equilibrium when oligopolists face a stochastic demand common to all the firms. Models used in these studies assume that firms are risk neutral, and have identical and constant marginal production costs. This conclusion is reexamined by relaxing the assumptions of a constant marginal cost, and of risk neutral firms. We find that homogenous firms with increasing marginal costs have the incentive for information sharing under demand uncertainty. Even if firms are heterogenous, which arise from different marginal production costs or different accuracies of information, firms find it beneficial to share their information under certain sufficient conditions. We present the optimal acquisition of costly information by duopoly firms who face a common stochastic market demand and who have non-identical, increasing marginal production costs. The maginal cost of information is assumed constant. Our major purpose on information acquisition is to show that an equilibrium exists in such a market: that is, there exists a unique interior equilibrium which the amount of costly information heterogenous firms acquire is endogenously determined. From this result we investigate the change in the slope of marginal production cost and the cost of acquiring information.
  note: Typescript (photocopy).
  note: Vita.
  note: "Major subject: Economics."
  note: Ph. D. Texas A & M University 1988
  note: Includes bibliographical references.
  subject:
    topic: Information theory in economics
    topic: Mathematical models
  subject:
    topic: Duopolies
  subject:
    topic: Risk
  subject:
    topic: Duopol
    topic: Informationsökonomik
    topic: Theorie
  subject:
    topic: Major economics
  identifier: http://gateway.proquest.com/openurl
  identifier: http://proxy.library.tamu.edu/login
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    location:
      url: http://proxy.library.tamu.edu/login
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    location:
      url: http://gateway.proquest.com/openurl
  record info:
    record content source: TXA
    record creation date: 891003
    record change date: 20200904152431.0
    record identifier: in00000776374
    language of cataloging:
      language term: eng