Softening competition through forward trading
نویسندگان
چکیده
منابع مشابه
Softening competition through forward trading
In the history of alleged manipulations on forward markets, it has been observed that high prices resulted from a cartel’s long positions. The present paper addresses this issue in a simple model of price setting duopolists. We show that forward trading results in producers buying forward their own production, so that equilibrium prices are increased compared to the case without forward trading...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 2004
ISSN: 0022-0531
DOI: 10.1016/j.jet.2003.07.009