Resource title

Information acquisition by firms: the role of specialization, motivation and ability (RV of 97/106/MKT)

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image for OpenScout resource :: Information acquisition by firms: the role of specialization, motivation and ability (RV of 97/106/MKT)

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This paper develops a parsimonious game-theoretic model to examine these two tradeoffs in the acquisition of information. It consists of two Cournot competitors that face uncertainty about demand and cost conditions. The authors determine the perfect Bayesian equilibria of the two-stage game and then analyze the effects of uncertainty, degree of competition, availability of data and a firm's ability to process data on the acquisition of information.

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en

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application/pdf

Resource resource URL

http://flora.insead.edu/fichiersti_wp/inseadwp1998/98-77.pdf

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Copyright INSEAD. All rights reserved