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Relaxing competition through speculation : committing to a negative supply slope
Holmberg, Pär; Willems, Bert - 2012
the spot market. In our game, suppliers first choose a portfolio of call options and then compete with supply functions …. In equilibrium firms sell forward contracts and buy call options to commit to downward sloping supply functions. Although …
Persistent link: https://www.econbiz.de/10009661689
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Relaxing Competition Through Speculation : Committing to a Negative Supply Slope
Holmberg, Par; Willems, Bert - 2012
the spot market. In our game, suppliers first choose a portfolio of call options and then compete with supply functions …. In equilibrium firms sell forward contracts and buy call options to commit to downward sloping supply functions. Although …
Persistent link: https://www.econbiz.de/10014181627
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Relaxing Competition Through Speculation : Committing to a Negative Supply Slope
Holmberg, Par; Willems, Bert - 2015
the spot market. In our game, suppliers first choose a portfolio of call options and then compete with supply functions …. In equilibrium firms sell forward contracts and buy call options to commit to downward sloping supply functions. Although …
Persistent link: https://www.econbiz.de/10014163880
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Price Discovery and Microstructure in Ether Spot and Derivative Markets
Alexander, Carol - 2020
Ethereum is an important blockchain, being the first and most popular public platform for the smart contracts underpinning financial transactions, time-stamping of supply chains, decentralized applications and initial coin offerings. Ethereum's cryptocurrency, ether, is actively traded on...
Persistent link: https://www.econbiz.de/10012845114
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Physical and Financial Virtual Power Plants
Willems, Bert - 2005
Regulators in Belgium and the Netherlands use different mechanisms to mitigate generation market power. In Belgium, antitrust authorities oblige the incumbent to sell financial Virtual Power Plants, while in the Netherlands regulators have been discussing the use of physical Virtual Power...
Persistent link: https://www.econbiz.de/10014062245
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Crypto quanto and inverse options
Alexander, Carol; Chen, Ding; Imeraj, Arben - In: Mathematical finance : an international journal of … 33 (2023) 4, pp. 1005-1043
Persistent link: https://www.econbiz.de/10014370619
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Market completeness : how options affect hedging and investments in the electricity sector
Willems, Bert; Morbee, Joris - In: Energy economics 32 (2010) 4, pp. 786-795
Persistent link: https://www.econbiz.de/10008779952
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Market Completeness : How Options Affect Hedging and Investments in the Electricity Sector
Willems, Bert - 2011
options. We first show that aggregate welfare (the sum of individual firms' utility) increases with the number of derivatives … offered, although most of the benefits are captured with one to three options. Secondly, power plant investments typically … increase because additional derivatives enable better hedging of investments. However, the availability of derivatives …
Persistent link: https://www.econbiz.de/10013130197
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Relaxing competition through speculation : committing to a negative supply slope
Holmberg, Pär; Willems, Bert - In: Journal of economic theory 159 (2015), pp. 236-266
Persistent link: https://www.econbiz.de/10011549064
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Exclusion through speculation
Argenton, Cédric; Willems, Bert - In: International journal of industrial organization 39 (2015), pp. 1-9
Persistent link: https://www.econbiz.de/10011486144