Cournot competition in the joint products market under demand uncertainty. (21st January 2021)

• Record Type: Journal Article
• Authors: Okura, Mahito
• Is Part Of: Managerial and decision economics. Volume 42:Number 5(2021)
• Page Start: 1105
• Page End: 1116
• Publication Date: 2021-01-21
• Subjects: Managerial economics -- Periodicals; Decision making -- Periodicals; Management -- Periodicals; 658.15
• DOI: 10.1002/mde.3294
• Languages: English
• ISSNs: 0143-6570

Abstract

Abstract : The purpose of this study is to analyze the market in Cournot competition under demand uncertainty when two firms compete with two joint products which are indivisible multiple goods, such as petroleum products. We investigate the situations in which no, either, or both firms have either no demand information or have demand information in one or both markets and examine how the differences in information structures affect the equilibrium expected profit of each firm.