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cross-industry differences in this dimension. Theory suggests several potential factors that might explain this dispersion … lower variability of the number of firms; and (2) these relationships are non-linear as suggested by theory with initial …
Persistent link: https://www.econbiz.de/10011508062
Persistent link: https://www.econbiz.de/10001861477
cross-industry differences in this dimension. Theory suggests several potential factors that might explain this dispersion … lower variability of the number of firms; and (2) these relationships are non-linear as suggested by theory with initial …
Persistent link: https://www.econbiz.de/10001784015
cross-industry differences in this dimension. Theory suggests several potential factors that might explain this dispersion … by theory with initial increases in sunk costs or uncertainty having relatively greater effect on firm volatility. The …
Persistent link: https://www.econbiz.de/10013319863
Persistent link: https://www.econbiz.de/10001221680
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Commodity markets are characterized by large volumes of forward contracts as well as high volatility. They are often accused of weak competitive pressure. This article extends the existing literature by analyzing tacit collusion of firms, forward trading and volatility simultaneously. The...
Persistent link: https://www.econbiz.de/10010426239
I model the optimal semi-collusive strategy of firms using forward contracts in volatile markets. It has been shown that forward contracts can be used to stabilize a collusive agreement under deterministic (Liski and Montero, 2006) as well as under stochastic market conditions (Aichele, 2012)....
Persistent link: https://www.econbiz.de/10010342821