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hedging strategies of a duopoly. Firms are exposed to demand uncertainty that leads to price risk and can hedge their risk …, we explore the Cournot duopoly with a simultaneous hedging opportunity; second, we analyze the case with a sequential …
Persistent link: https://www.econbiz.de/10010405210
Investors increasingly hold stock in multiple firms that compete in the same product market (“common ownership”), and this ownership structure is positively associated with voluntary disclosure. We posit that common owners want managers to take coordinated anti-competitive actions (i.e.,...
Persistent link: https://www.econbiz.de/10012871238
We study cartel stability in a differentiated price-setting duopoly with returns to scale. We show that a cartel may be …
Persistent link: https://www.econbiz.de/10009304470
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
In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different …, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is …
Persistent link: https://www.econbiz.de/10009583883
We embed signaling in the classical Cournot model in which several firms sell a homogeneous good. The quality is known to all the firms, but only to some buyers. The quantity-setting firms can manipulate the price to signal quality. Because there is only one price in a market for a homogeneous...
Persistent link: https://www.econbiz.de/10013106683
Persistent link: https://www.econbiz.de/10012954856
both prices and quantities (capacity levels) within a simple duopoly market setting where products are asymmetrically …, may not fully cover market demand for an incumbent duopoly …
Persistent link: https://www.econbiz.de/10012896357
Portuguese Abstract: Exploramos vários jogos diferenciais para simular a competição entre duas firmas em Preço, Publicidade, e Preço e Publicidade simultâneamente. Os resultados reforçam conclusões importantes na literatura e complementam-na, permitindo analisar a competição em dois...
Persistent link: https://www.econbiz.de/10013057420
This paper provides a full characterization of the price effects of horizontal mergers in the Cournot model with heterogeneous firms and constant returns to scale. We show that the price change brought about by a merger only depends on the smaller merging firm's share and the number of firms,...
Persistent link: https://www.econbiz.de/10013218562