OLIGOPOLY, UNCERTAIN DEMAND, AND FORWARD MARKETS

被引：8
|
作者：
ELDOR, R [1 ]
ZILCHA, I [1 ]
机构：
[1] TEL AVIV UNIV,DEPT ECON,IL-69978 TEL AVIV,ISRAEL
来源：
JOURNAL OF ECONOMICS AND BUSINESS | 1990年 / 42卷 / 01期
关键词：
D O I：
10.1016/0148-6195(90)90017-7
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper analyzes the Nash equilibrium behavior of risk-averse oligopolistic firms under uncertain demand. It is shown that in the presence of unbiased forward markets the Nash Equilibrium (NE) output increases, that is, forward markets enhance copetition. Unlike the competitive or monopoly cases, here the introduction of an unbiased forward market may result in a (unique) NE in which all the firms are worse off. © 1990.
引用
收藏
页码：17 / 26
页数：10
相关论文
共 50 条
  • [41] Changes in demand function in Cournot oligopoly
    Okuguchi, K
    Szidarovszky, F
    PACIFIC ECONOMIC REVIEW, 2005, 10 (03) : 371 - 378
  • [42] Mixed oligopoly under demand uncertainty
    Anam, Mahmudul
    Basher, Syed A.
    Chiang, Shin-Hwan
    B E JOURNAL OF THEORETICAL ECONOMICS, 2007, 7 (01):
  • [43] DEMAND-FUNCTIONS IN AN OLIGOPOLY - REPLY
    OTT, AE
    WELTWIRTSCHAFTLICHES ARCHIV-REVIEW OF WORLD ECONOMICS, 1963, 90 (01): : 115 - 120
  • [44] The value of information in oligopoly with demand uncertainty
    Dan Sasaki
    Journal of Economics, 2001, 73 : 1 - 23
  • [45] REEXAMINATION OF KINKY OLIGOPOLY DEMAND CURVE
    PRIMEAUX, WJ
    BOMBALL, MR
    JOURNAL OF POLITICAL ECONOMY, 1974, 82 (04) : 851 - 862
  • [46] APPLICATIONS OF THE DISCONTINUOUS OLIGOPOLY DEMAND CURVE
    Bronfenbrenner, M.
    JOURNAL OF POLITICAL ECONOMY, 1940, 48 (03) : 420 - 427
  • [47] DEMAND-FUNCTIONS IN AN IMPERFECT OLIGOPOLY
    OTT, AE
    WELTWIRTSCHAFTLICHES ARCHIV-REVIEW OF WORLD ECONOMICS, 1962, 88 (02): : 287 - 307
  • [48] LIMITED KNOWLEDGE OF DEMAND AND OLIGOPOLY EQUILIBRIA
    BONANNO, G
    ZEEMAN, EC
    JOURNAL OF ECONOMIC THEORY, 1985, 35 (02) : 276 - 283
  • [49] The value of information in oligopoly with demand uncertainty
    Sasaki, D
    JOURNAL OF ECONOMICS-ZEITSCHRIFT FUR NATIONALOKONOMIE, 2001, 73 (01): : 1 - 23
  • [50] Strategic Offering for a Price-Maker Wind Power Producer in Oligopoly Markets Considering Demand Response Exchange
    Shafie-khah, Miadreza
    Heydarian-Forushani, Ehsan
    Golshan, Mohamad Esmail Hamedani
    Moghaddam, Mohsen Parsa
    Sheikh-El-Eslami, Mohammad Kazem
    Catalao, Joao P. S.
    IEEE TRANSACTIONS ON INDUSTRIAL INFORMATICS, 2015, 11 (06) : 1542 - 1553
12345