論文

査読有り
2021年5月

Pre‐emptive production and market competitiveness in oligopoly with private information

Journal of Economics & Management Strategy
  • Yuki Amemiya
  • ,
  • Akifumi Ishihara
  • ,
  • Tomoya Nakamura

30
2
開始ページ
449
終了ページ
455
記述言語
英語
掲載種別
研究論文(学術雑誌)
DOI
10.1111/jems.12410
出版者・発行元
Wiley

We investigate a firm's pre-emptive behavior by comparing Cournot competition and Stackelberg games with one leader and multiple followers, where each firm has access to private information on stochastic demand. We show that the firm prefers pre-emptive quantity choice (Stackelberg leader) to simultaneous quantity choice (Cournot firm) if and only if the firm is ignorant of the market size compared to the other firm. The firm's decision in terms of production timing is always detrimental to producer surplus in the industry. It is beneficial to consumer surplus in duopoly competition, but detrimental when there are many competitors in the market.

リンク情報
DOI
https://doi.org/10.1111/jems.12410
Web of Science
https://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=JSTA_CEL&SrcApp=J_Gate_JST&DestLinkType=FullRecord&KeyUT=WOS:000598473600001&DestApp=WOS_CPL
URL
https://onlinelibrary.wiley.com/doi/pdf/10.1111/jems.12410
URL
https://onlinelibrary.wiley.com/doi/full-xml/10.1111/jems.12410
ID情報
  • DOI : 10.1111/jems.12410
  • ISSN : 1058-6407
  • eISSN : 1530-9134
  • Web of Science ID : WOS:000598473600001

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