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Relaxing Competition through Speculation : Committing to a Negative Supply Slope
Holmberg, P.; Willems, Bert - Tilburg University, Tilburg Law and Economic Center - 2012
Abstract: We demonstrate how suppliers can take strategic speculative positions in derivatives markets to soften competition in the spot market. In our game, suppliers first choose a portfolio of call options and then compete with supply functions. In equilibrium firms sell forward contracts and...
Persistent link: https://www.econbiz.de/10011093275
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Relaxing Competition through Speculation: Committing to a Negative Supply Slope
Holmberg, Pär; Willems, Bert - 2012
We demonstrate how suppliers can take strategic speculative positions in derivatives markets to soften competition in the spot market. In our game, suppliers first choose a portfolio of call options and then compete with supply functions. In equilibrium firms sell forward contracts and buy call...
Persistent link: https://www.econbiz.de/10010320360
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Exclusion through speculation
Argenton, Cédric; Willems, Bert - 2010
Persistent link: https://www.econbiz.de/10003997736
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Exclusion through speculation
Argenton, Cédric; Willems, Bert - In: International journal of industrial organization 39 (2015), pp. 1-9
Persistent link: https://www.econbiz.de/10011486144
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Relaxing competition through speculation : committing to a negative supply slope
Holmberg, Pär; Willems, Bert - 2012
Persistent link: https://www.econbiz.de/10009737969
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Relaxing Competition through Speculation: Committing to a Negative Supply Slope
Holmberg, Pär; Willems, Bert - Institutet för Näringslivsforskning (IFN) - 2012
We demonstrate how suppliers can take strategic speculative positions in derivatives markets to soften competition in the spot market. In our game, suppliers first choose a portfolio of call options and then compete with supply functions. In equilibrium firms sell forward contracts and buy call...
Persistent link: https://www.econbiz.de/10010611576
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Relaxing Competition through Speculation : Committing to a Negative Supply Slope
Holmberg, P.; Willems, Bert - Tilburg University, Center for Economic Research - 2012
Abstract: We demonstrate how suppliers can take strategic speculative positions in derivatives markets to soften competition in the spot market. In our game, suppliers first choose a portfolio of call options and then compete with supply functions. In equilibrium firms sell forward contracts and...
Persistent link: https://www.econbiz.de/10011092737