Note on Risk Aversion and Sharing of Firm-Specific Information in Duopolies
The Journal of Industrial Economics, Vol. 41, No. 1, Mar., 1993
Posted: 28 Jun 2013
Date Written: March 1, 1992
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.
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