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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
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
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
This paper proposes an n-firm homogeneous-good Bertrand model with private information about costs. The model allows for any non-negative correlation between the cost draws and for any demand elasticity but still yields a closed-form solution. The solution is simple, in pure strategies, and...
Persistent link: https://www.econbiz.de/10012999083
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The paper studies an oligopolistic equilibrium model of financial agents who aim to share their random endowments. The risk-sharing securities and their prices are endogenously determined as the outcome of a strategic game played among all the participating agents. In the complete-market...
Persistent link: https://www.econbiz.de/10012991983
This paper considers price competition in a duopoly with quality uncertainty. The established firm (the `incumbent …
Persistent link: https://www.econbiz.de/10009781393
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