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Basar, T. and Ho, Y.-C. (1974) Informational Properties of the Nash Solutions of Two Stochastic Nonzero-Sum Games. Journal of Economic Theory, 7, 370-387.
http://dx.doi.org/10.1016/0022-0531(74)90110-0

has been cited by the following article:

• TITLE: Optimal Amount and Timing of Investment in a Stochastic Dynamic Cournot Competition

  AUTHORS: Yasunori Fujita

  KEYWORDS: Cournot Competition, Optimal Stopping Theory, Geometric Brownian Motion, Cost Reduction Investment, Value of Waiting

  JOURNAL NAME: Theoretical Economics Letters, Vol.6 No.1, January 19, 2016

  ABSTRACT: By making use of the optimal stopping theory, we construct a multi-stage stochastic Cournot model to examine the effect of increase in uncertainty and number of entrants on the amount and timing of strategic cost reduction investment. It is revealed that firms should enlarge and postpone the investment if 1) the market is more uncertain, or 2) there exist more firms in the market.