Oligopoly, uncertain demand, and forward markets
作者： Rafael Eldor , Itzhak Zilcha
DOI: 10.1016/0148-6195(90)90017-7
关键词: Economics 、 Monopoly 、 Forward market 、 Microeconomics 、 Nash equilibrium 、 Oligopoly 、 Economics and Econometrics 、 General Business, Management and Accounting
摘要: Abstract This paper analyzes the Nash equilibrium behavior of risk-averse oligopolistic firms under uncertain demand. It is shown that in presence unbiased forward markets Equilibrium (NE) output increases, is, enhance copetition. Unlike competitive or monopoly cases, here introduction an market may result a (unique) NE which all are worse off.
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