| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3951 |
| DP3951 R&D Cooperation Between Firms and Universities: Some Empirical Evidence from Belgian Manufacturing | |
| Reinhilde Veugelers; Bruno Cassiman | |
| 发表日期 | 2003-06-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | I study Cournot competition under incomplete information about demand while assuming that market price must be non-negative for all demand realizations. Although this assumption is very natural, it has only rarely been made in the earlier literature. Yet it has important economic consequences: (1) multiple (symmetric, pure strategy) equilibria can exist, despite the fact that demand and cost are linear; and (2) expected total surplus can be larger when the firms do not know demand than when they do, a result which has important implications for the social desirability of information sharing. The arguments of the paper are relevant also for price competition and for uncertainty about, e.g., cost or the number of firms, and these issues are discussed. |
| 主题 | Industrial Organization |
| 关键词 | Non-negativity constraint Multiple equilibria Value of information Information sharing Trade associations Antitrust policy |
| URL | https://cepr.org/publications/dp3951 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532933 |
| 推荐引用方式 GB/T 7714 | Reinhilde Veugelers,Bruno Cassiman. DP3951 R&D Cooperation Between Firms and Universities: Some Empirical Evidence from Belgian Manufacturing. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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