Forward trading and collusion in oligopoly

We consider an infinitely-repeated oligopoly in which at each period firms not only serve the spot market by either competing in prices or quantities but also have the opportunity to trade forward contracts. Contrary to the pro-competitive results of finite-horizon models, we find that the possibili...

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Detalhes bibliográficos
Principais autores: Liski, Matti, Montero, Juan-Pablo
Outros Autores: Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research.
Formato: Working Paper
Publicado em: MIT Center for Energy and Environmental Policy Research 2009
Acesso em linha:http://hdl.handle.net/1721.1/45036

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