Increasing cooperation and reducing competition to reduce transaction costs
نویسندگان
چکیده
منابع مشابه
An Option to Reduce Transaction Costs
Under the assumptions of the market of Black and Scholes, options are redundant since, through the classic Black-Scholes delta hedging argument, they can be replaced by an equivalent combination the risky asset underlying the option and a risk free asset. We show that options are not redundant when small proportional transaction costs of size ε are added to the model, which provides mathematica...
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Bertrand competition under decreasing returns involves a wide interval of pure strategy Nash equilibrium prices. We first present results of experiments in which two, three and four identical firms repeatedly interact in this environment. More firms lead to lower average prices. However, prices remain substantially above the Walrasian level. With more than two firms the predominant market price...
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ژورنال
عنوان ژورنال: Impact
سال: 2021
ISSN: 2398-7073
DOI: 10.21820/23987073.2021.2.86