This research investigates dealers' motivation to disclose their names when quoting on the NASDAQ over the years. NASDAQ enables dealers to quote limit orders either anonymously or with a feature that reveals their names. Results are consistent with dealers advertising by revealing their...

We experimentally consider a dynamic multi-period framework of a Cournot duopoly with a simultaneous option to engage in financial risk management and a real option to delay supply. The option to engage in financial risk management allows players to manage risk before uncertainty is realized,...