Offshore Bidding and Currency Futures

In an interactive model of offshore bidding, two firms located in two different countries bid on a project in a third country under exchange rate uncertainty. Every firm benefits and provides a higher bid when both firms have hedging opportunities. Even if only one bidder has the hedging opportunity, both bidders gain through an increase in their expected utilities.

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Year of publication:	2008
Authors:	Lien, Donald ; Firoozi, Fathali
Published in:	International Journal of Business and Economics. - College of Business, ISSN 1607-0704. - Vol. 7.2008, 2, p. 125-136
Publisher:	College of Business
Subject:	exchange rate \| futures markets \| uncertainty \| game theory \| multinational enterprise

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	F3 - International Finance ; C7 - Game Theory and Bargaining Theory ; D8 - Information and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010598966