Gabszewicz, Jean; Tarola, Ornella; Zanaj, Skerdilajda - Centre de Recherche en Économie Appliquée (CREA), … - 2009
In this paper, we examine how uncertainty can affect successive mar- kets, when uncertainty can jointly influence both the upstream and down- stream markets conditions. The main result of the paper is that the equi- librium input and output quantities under stochastic dependence can be higher or...