Dionne, Georges; Santugini, Marc - In: International Journal of Industrial Organization 35 (2014) C, pp. 70-83
We analyze firms' entry, production and hedging decisions under imperfect competition. We consider an oligopoly … industry producing a homogeneous output in which risk-averse firms face an entry cost upon entering the industry, and then … literature (without entry), both production and output price depend on uncertainty and risk aversion. Specifically, when entry is …