具有私有信息的入口博弈的均衡唯一性

IF 4.6 Q2 MATERIALS SCIENCE, BIOMATERIALS
José‐Antonio Espín‐Sánchez, Álvaro Parra, Yuzhou Wang
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引用次数: 3

摘要

我们研究了具有一维私人信息的静态进入博弈中的均衡。我们的框架嵌入了许多应用工作中常用的模型,允许企业异质性和选择性进入。我们引入了实力的概念,它概括了一家公司承受竞争的能力。在应用利益的环境中,总是存在一种均衡,在这种均衡中,进入策略是根据企业的实力排序的。我们称这种平衡为巨大的。我们导出了保证平衡唯一性的简单且可检验的充分条件,从而得到了唯一的反事实预测。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Equilibrium uniqueness in entry games with private information
We study equilibria in static entry games with single‐dimensional private information. Our framework embeds many models commonly used in applied work, allowing for firm heterogeneity and selective entry. We introduce the notion of strength, which summarizes a firm's ability to endure competition. In environments of applied interest, an equilibrium in which entry strategies are ordered according to the firms' strengths always exists. We call this equilibrium herculean. We derive simple and testable sufficient conditions guaranteeing equilibrium uniqueness and, consequently, a unique counterfactual prediction.
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来源期刊
ACS Applied Bio Materials
ACS Applied Bio Materials Chemistry-Chemistry (all)
CiteScore
9.40
自引率
2.10%
发文量
464
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