Capacity precommitment, price competition and forward markets

The Cournot model can be seen as a reduced form of a more realistic model of capacity choice followed by price competition. We show that this is not the case if forward markets are added as their pro-competitive effects no longer hold.

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Year of publication:	2014
Authors:	Ferreira, José Luis
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 122.2014, 2, p. 362-364
Publisher:	Elsevier
Subject:	Capacity choice \| Price competition \| Forward markets

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010743701