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PDF-WesetoutavariantofthemodelofKalaiandSatterthwaite,possiblythesimplesto PDF document

npciDpWithoutlossofgeneralitywemayassumethat133rm1hastheminimumoptimalcommonpriceIfthecostasymmetriesbetween133rmsarenottoolargethenthisgamehasauniqueequilibriumInthe133rststageeach

n(pci)D(p):Withoutlossofgeneralitywemayassumethat…rm1hastheminimumoptimalcommonprice.Ifthecostasymmetriesbetween…rmsarenottoolarge thenthisgamehasauniqueequilibrium.Inthe…rststage each

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