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Note on Risk Aversion and Sharing of Firm-Specific Information in Duopolies

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  • Kao, Jennifer L
  • Hughes, John S

Abstract

This note extends earlier work on the effects of risk aversion on the preferences of duopolists to share information. It is shown that the common finding that Cournot duopolists prefer to share firm-specific information no longer obtains for some parameterizations. In particular, the greater the aversion to risk, the larger the parameter regions in which not sharing information is preferred. Copyright 1993 by Blackwell Publishing Ltd.

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  • Kao, Jennifer L & Hughes, John S, 1993. "Note on Risk Aversion and Sharing of Firm-Specific Information in Duopolies," Journal of Industrial Economics, Wiley Blackwell, vol. 41(1), pages 103-112, March.
    • Handle: RePEc:bla:jindec:v:41:y:1993:i:1:p:103-12
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    Citations

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    Cited by:

    1. Jin, Jim Y., 1996. "A test for information sharing in Cournot oligopoly," Information Economics and Policy, Elsevier, vol. 8(1), pages 75-86, March.
    2. Asplund, Marcus, 2002. "Risk-averse firms in oligopoly," International Journal of Industrial Organization, Elsevier, vol. 20(7), pages 995-1012, September.
    3. John S. Hughes & Jennifer L. Kao, 1994. "Disclosure Rules and R&D Spending Revisited," Contemporary Accounting Research, John Wiley & Sons, vol. 11(1), pages 633-646, June.
    4. Stickel, Eberhard, 2001. "Uncertainty reduction in a competitive environment," Journal of Business Research, Elsevier, vol. 51(3), pages 169-177, March.
    5. Wambach, Achim, 1999. "Bertrand competition under cost uncertainty," International Journal of Industrial Organization, Elsevier, vol. 17(7), pages 941-951, October.
    6. Chun‐Hao Chang & Arun J. Prakash & Shu Yeh, 2004. "Sale of monopoly information and behavior of rivaling clients: A theoretical perspective," Review of Financial Economics, John Wiley & Sons, vol. 13(3), pages 283-304.
    7. Yin, Xundong & Wang, Sophie Xuefei & Lu, Yuanzhu & Yan, Jianye, 2023. "Endogenous information acquisition and disclosure of private information in a duopoly," Economic Modelling, Elsevier, vol. 126(C).
    8. Barreda-Tarrazona, Iván & García-Gallego, Aurora & Georgantzís, Nikolaos & Andaluz-Funcia, Joaquín & Gil-Sanz, Agustín, 2011. "An experiment on spatial competition with endogenous pricing," International Journal of Industrial Organization, Elsevier, vol. 29(1), pages 74-83, January.
    9. Stadler, Manfred & Hornig, Stephan O., 2000. "Wettbewerb bei unvollständiger Information: Informationsaustausch oder stillschweigende Kollusion?," Tübinger Diskussionsbeiträge 177, University of Tübingen, School of Business and Economics.
    10. Lowell Johnson, 1997. "The Incentive of Cournot Duopolists to Reveal Cost Information After Costs are Realized," Departmental Working Papers 199704, Rutgers University, Department of Economics.

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