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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

Do forward markets enhance competition? : experimental evidence

Le Coq, Chloé (contributor); Orzen, Henrik (contributor) - 2002 - [Elektronische Ressource], Rev. October 1, 2004

Hedging risks is an important rationale for the existence of forward markets. However, Allaz and Vila (1993) show that duopolists can also have a strategic motive to sell forward, irrespective of exogenous uncertainties. Moreover, in their model the possibility of forward trading increases...

Persistent link: https://www.econbiz.de/10001693096

Implications of financial transaction costs on the real economy : a note

Pelster, Matthias - In: Contemporary economics 8 (2014) 1, pp. 113-118

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

Forward trading and collusion in supply functions

Wölfing, Nikolas - 2019

This paper studies the effect of forward contracts on the stability of collusion among firms, competing in supply functions on the spot market. A forward market can increase the range of discount factors which allow to sustain collusion. On the contrary, collusion is destabilised when a...

Persistent link: https://www.econbiz.de/10011968922

Action Revision, Information and Collusion in an Experimental Duopoly Market

Roy, Nilanjan - 2017

We report on an experiment designed to study a dynamic model of quantity competition where firms continuously revise their production targets prior to the play of the "one-shot" game. We investigate how the observability of rival firm's plans and the technology for implementation of revised...

Persistent link: https://www.econbiz.de/10014122747

Risk Transfer versus Cost Reduction on Two-Sided Microfinance Platforms

Bollinger, Bryan - 2018

Microfinance can be an important tool for fighting global poverty by increasing access to loans and possibly lowering interest rates through microlending. However, the dominant mechanism used by online microfinance platforms, in which intermediaries administer loans, has profound implications...

Persistent link: https://www.econbiz.de/10012935804

On Algorithmic Collusion and Reward-Punishment Schemes

Epivent, Andréa; Lambin, Xavier - 2022

A booming literature describes how artificial intelligence algorithms (AIAs) may autonomously learn to generate supra-competitive profits. Key to the widespread interpretation of the phenomena as ``collusion'', is the observation that the unilateral price cuts of an agent are followed by several...

Persistent link: https://www.econbiz.de/10014076676

Two-Part Tariff Competition in Duopoly

Yin, Xiangkang - 2003

This paper investigates the market equilibrium and welfare effects of two-part tariff competition. When consumers are uniformly distributed on a Hotelling line, equilibrium prices are equal to marginal costs if and only if the demand of the marginal consumer is equal to the average demand. Entry...

Persistent link: https://www.econbiz.de/10014142598

Bertrand Competition

Bhattacharya, Rajeev R. - 2017

Persistent link: https://www.econbiz.de/10012954856

The Competitive Effects of Mergers with Cournot Competition

Reisinger, Markus; Zenger, Hans - 2021

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