experiments show that wishful betting contaminates beliefs in laboratory financial markets because wishful betters appear to …

This paper analyzes the interactions between competitive (wholesale) spot, retail, and forward markets and vertical … integration in electricity markets. We develop an equilibrium model with producers, retailers, and traders to study and quantify … the impact of forward markets and vertical integration on prices, risk premia, and retail market shares. We point out that …

Organizations and markets are defined as sets of people who are connected together by the logical orders of decision … of value in the analysis of organizations and markets. The concept of the decision rule is used to define static … organization structures, and to define dynamic task processes in them. Generalizations about organizations and markets are …

investors and firms in sophisticated markets. Long-term relationships between intermediaries and their customers, in which …, intermediaries allow firms and investors to reap the benefits of financial markets. Relationships are easiest to sustain when the …