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Strategic hedging
Broll, Udo; Welzel, Peter; Kit, Pong Wong - 1999
Persistent link: https://www.econbiz.de/10001445546
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Export production, hedging exchange rate risk : the duopoly case
Broll, Udo (contributor); Wahl, Jack E. (contributor);  … - 2008
This paper studies a Cournot duopoly in international trade so that the firms are exposed to exchange rate risk. A …. Furthermore we find that no separation result can be stated. -- Exchange Rate risk ; hedging ; exports ; duopoly …
Persistent link: https://www.econbiz.de/10003796261
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Export, exchange rate risk and hedging : the duopoly case
Broll, Udo; Wahl, Jack E.; Wessel, Christoph - In: German economic review 12 (2011) 4, pp. 490-502
Persistent link: https://www.econbiz.de/10009373022
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Bertrand versus Cournot competition in a vertical strucutre : a note
Mukherjee, Arijit; Broll, Udo; Mukherjee, Soma - In: The Manchester School 80 (2012) 5, pp. 545-559
Persistent link: https://www.econbiz.de/10009567052
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Nachfrageunsicherheit und Risikopolitik im Duopol
Broll, Udo; Pelster, Matthias; Wahl, Jack E. - 2012
Die vorliegende Arbeit untersucht ein Duopol bei unsicherer Nachfrage unter Risikoaversion. Die Produktion der gesamten … Terminmarkt erhalten. -- Nachfrageunsicherheit ; Duopol ; Terminmarkt ; Risikopolitik …The paper studies an duopoly with risk averse firms exposed to demand uncertainty. A risk sharing market is introduced …
Persistent link: https://www.econbiz.de/10009567543
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The banking firm under ambiguity aversion
Broll, Udo; Welzel, Peter; Kit, Pong Wong - 2016
We examine risk taking when the bank's preferences exhibit smooth ambiguity aversion. Ambiguity is modeled by a second-order probability distribution that captures the bank's uncertainty about which of the subjective beliefs govern the financial asset return risk. Ambiguity preferences are...
Persistent link: https://www.econbiz.de/10011541280
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Ambiguity and the incentive to export
Broll, Udo; Kit, Pong Wong - 2014
This paper examines the optimal production and export decisions of an international firm facing exchange rate uncertainty when the firm's preferences exhibit smooth ambiguity aversion. Ambiguity is modeled by a second-order probability distribution that captures the firm's uncertainty about...
Persistent link: https://www.econbiz.de/10011521686
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The impact of inflation risk on forward trading and production
Broll, Udo; Kit, Pong Wong - 2014
This note examines the behavior of a competitive firm that faces joint price and inflation risk. Given that the price risk is negatively correlated with the inflation risk in the sense of expectation dependence, the firm optimally opts for an overhedge if the firm's coefficient of relative risk...
Persistent link: https://www.econbiz.de/10011521691
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Multinational firm, exchange rate risk and the impact of regret on trade
Broll, Udo; Welzel, Peter; Kit, Pong Wong - 2014
This paper examines the behavior of the regret-averse multinational firm under exchange rate uncertainty. The multinational firm simultaneously sells in the home market and exports to a foreign country. We characterize the multinational firm's regret-averse preferences by a modified utility...
Persistent link: https://www.econbiz.de/10011521733
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The firm under regret aversion
Broll, Udo; Welzel, Peter; Kit, Pong Wong - 2017
We examine the economic behavior of the regret-averse firm under price uncertainty. We show that the global and marginal effects of price uncertainty on production are both positive (negative) when regret aversion prevails if the random output price is positively (negatively) skewed. In this...
Persistent link: https://www.econbiz.de/10011610117