| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1143232 | Operations Research Letters | 2007 | 9 Pages |
Abstract
We establish the existence results for the Allaz–Vila [B. Allaz, J.-L. Vila, Cournot competition, forward markets and efficiency, J. Econ. Theory 59 (1993) 1–16] forward market equilibrium model when the M producers have different linear cost functions. We also consider an example with three asymmetric producers. The computational results supplement the conclusion in that the forward trading would increase market efficiency.
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Che-Lin Su,