monotone hazard rate
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2018 ◽  
Vol 1 (4) ◽  
pp. 383-392 ◽  
Author(s):  
Yong Zhang ◽  
◽  
Francis Y. L. Chin ◽  
Francis C. M. Lau ◽  
Haisheng Tan ◽  
...  

Author(s):  
Francis Y. L. Chin ◽  
Francis C. M. Lau ◽  
Haisheng Tan ◽  
Hing-Fung Ting ◽  
Yong Zhang

2006 ◽  
Vol 6 (1) ◽  
Author(s):  
Johan N.M. Lagerlöf

If Cournot oligopolists face uncertainty about the intercept of a linear demand function and if the realized market price must be non-negative, then expected demand becomes convex, which can create a multiplicity of equilibria. This note shows that if the distribution of the demand intercept has a monotone hazard rate and if another, rather weak, assumption is satisfied, then uniqueness of equilibrium is guaranteed.


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