Organization and Information: Firms' Governance Choices in Rational-expectations Equilibrium
We analyze a rational-expectations model of price formation in an intermediate-good market under uncertainty. There is a continuum of firms, each consisting of a party who can reduce production cost and a party who can discover information about demand. Both parties can make specific investments at...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
Oxford University Press
2012
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| Online Access: | http://hdl.handle.net/1721.1/75078 https://orcid.org/0000-0001-6765-3039 |