Article ID Journal Published Year Pages File Type
5078344 International Journal of Industrial Organization 2012 10 Pages PDF
Abstract
► The paper models forward markets that take place after capacity investments. ► Forward markets do not alter social welfare if the demand uncertainty is small. ► Forward markets increase social welfare if the demand uncertainty is large.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Strategic use of forward contracts and capacity constraints
Authors
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