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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

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

Explaining electricity forward premiums : evidence for the weather uncertainty effect

Obermüller, Frank - 2017

With the increasing share of volatile renewable energies, weather prediction becomes more important to electricity markets. The weather-driven uncertainty of renewable forecast errors could have price increasing impacts. This research sets up an analytic model to show that the day-ahead optimal...

Persistent link: https://www.econbiz.de/10011750347

Ranking supply function and cournot equilibria in a differentiated product duopoly with demand uncertainty

Sağlam, İsmail - In: Games 9 (2018) 3/60, pp. 1-13

differentiated product duopoly with demand uncertainty. We prove that the expected consumer surplus is always higher under the supply …

Persistent link: https://www.econbiz.de/10011891023

Marketable and non-hedgeable risk in a duopoly framework with hedging

Pelster, Matthias - In: Journal of economics and finance 39 (2015) 4, pp. 697-716

Persistent link: https://www.econbiz.de/10011471443

Capacity Choice under Uncertainty with Product Differentiation

Behrens, Christiaan - 2012

This article analyses the capacity-then-price game for a duopoly market. We add to the literature by explicitly taking …

Persistent link: https://www.econbiz.de/10013098833

Signalling rivalry and quality uncertainty in a duopoly

Bester, Helmut; Demuth, Juri - 2011

This paper considers a market in which only the incumbent's quality is publicly known. The entrant's quality is observed by the incumbent and some fraction of informed consumers. This leads to price signalling rivalry between the duopolists, because the incumbent gains and the entrant loses when...

Persistent link: https://www.econbiz.de/10009404774

Uncertainty in Spatial Duopoly with Possibly Asymmetric Distributions : A State Space Approach

Meagher, Kieron J. - 2008

In spatial competition iuml;B01rms are likely to be uncertain about consumer locations when launching products either because of shifting demographics or of asymmetric information about preferences. Realistically distributions of consumer locations should be allowed to vary over states and need...

Persistent link: https://www.econbiz.de/10012724699

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

Derivatives and default risk

Scholz, Sebastian - 2010

Upstream producers that possess market power, sell forwards with a lengthy duration to regional electricity companies (REC). As part of the liberalization of the electricity market, RECs have been privatized and exposed to a possible bankruptcy threat if spot prices have fallen below their...

Persistent link: https://www.econbiz.de/10003951795