Le Coq, Chloé (contributor); Orzen, Henrik (contributor) - 2002 - [Elektronische Ressource], Rev. October 1, 2004
Nash equilibrium. There is, on
average, a tendency towards less-than-competitive quantities/prices in the duopoly …
treatments but this does not have a great impact on welfare measures. However, the
main characteristic of our duopoly data is … favor of the theoretical prediction. The introduction of the forward market in
the duopoly raises quantities by 21%, lowers …