What is it about?
We assume firms that compete under Cournot assumption and face two possible scenarios and do not have any kind of information about the probability of occurrence of each one. Moreover. firms show different attitudes towards uncertainty: neutral, conservative and optimistic attitudes. We obtain the set of equilibria when firms show the same attitude and also when the attitudes are different
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Why is it important?
We show the mechanisms to obtain the set of equilibria when firms face demand uncertainty and show different attitudes towards uncertainty
Perspectives
This paper is one of the results of a wider research project. Other relevant results have been published in Review of Economic Design, Theory and Decision, Metroeconomica and Central European Journal of Operations Research
Mª Ángeles Caraballo
Universidad de Sevilla
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This page is a summary of: Duopolistic competition with multiple scenarios and different attitudes toward uncertainty, International Transactions in Operational Research, November 2017, Wiley,
DOI: 10.1111/itor.12474.
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