Softening competition through forward trading
Article Abstract:
Forward trading results in producers buying forward their own production to increase the equilibrium prices are evaluated. The result shows contrast in the social desirability of forward markets when tested in a simple model of price setting duopolists.
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2004
Forecasts, trends, outlooks, Competition (Economics), Forecasts and trends, Market trend/market analysis
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2004
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Nonlinear incentive provision in Walrasian markets: A Cournot convergence approach
Article Abstract:
The study presents Cournot convergence in a system of contingent-claims markets with moral hazard. The other agents condition their expectations on market prices, as in models of rational-expectations equilibrium with asymmetric information.
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2005
Management dynamics, INSURANCE CARRIERS, Analysis, Management, Insurance industry, Company business management, Walrasian model
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2005
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Subjects list: Models, United States, Equilibrium (Economics)
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