Abstract
We construct a weakly renegotiation-proof equilibrium in Green and Porter's (1984,Econometrica52, 87-100) imperfect public information model, which Pareto-dominates the Cournot-Nash equilibrium.Journal of Economic LiteratureClassification Numbers: C72, D43, D82.
| Original language | English |
|---|---|
| Pages (from-to) | 328-336 |
| Number of pages | 9 |
| Journal | Journal of Economic Theory |
| Volume | 85 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 1999 Apr |
| Externally published | Yes |
Keywords
- Renegotiation-proof equilibrium; collusion; Cournot-Nash equilibrium
ASJC Scopus subject areas
- Economics and Econometrics