Oligopoly, uncertain demand, and forward markets
نویسندگان
چکیده
منابع مشابه
Analyzing Capacity Withholding in Oligopoly Electricity Markets Considering Forward Contracts and Demand Elasticity
In this paper capacity withholding in an oligopolistic electricity market that all Generation Companies (GenCos) bid in a Cournot model is analyzed and the capacity withheld index, the capacity distortion index and the price distortion index are obtained and formulated. Then a new index, Distortion-Withheld Index (DWI), is proposed in order to measure the potential ability of market for capacit...
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Industries are rarely perfectly competitive. They also rarely comprise only firms who transact solely with consumers. Rather, in many industries—including health care, technology, media, and finance—firms are oligopolistic and negotiate terms of trade with one another across different market segments. Understanding how firms compete and interact in these vertical markets is critical not only fo...
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There is a general agreement since Allaz-Vila’s seminal contribution that forward contracts mitigate market power on the spot market. This result is widely quoted and elaborated in studies of restructured power markets where it is generally believed that generators tend to exploit the special characteristics of this industry in order to extract higher prices. Allaz-Vila established their result...
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Firms continuously vary the prices of their products in the marketplace. These variations sometimes exhibit consistent patterns, such as higher-priced products having greater price variability. For example, in the grocery industry, more expensive stores tend to have more frequent price changes (Information Resources Inc. 1993). Similarly, with airlines, the lowerpriced, low-frills Southwest Air...
متن کاملOligopoly with Hyperbolic Demand and Capital Accumulation
A dynamic approach is proposed for the analysis of the Cournot oligopoly game with hyperbolic demand, showing that the adoption of capital accumulation dynamics either à la Solow-Swan or à la Ramsey eliminate the indeterminacy problem characterising the static model when marginal costs are nil. It is proved that the steady state equilibria produced by both models are stable in the saddle point ...
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ژورنال
عنوان ژورنال: Journal of Economics and Business
سال: 1990
ISSN: 0148-6195
DOI: 10.1016/0148-6195(90)90017-7