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Forward trading and storage in a Cournot duopoly

✍ Scribed by Henry Thille

Book ID
104293258
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
136 KB
Volume
27
Category
Article
ISSN
0165-1889

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✦ Synopsis

A dynamic game is presented that models the e ects of forward trading and storage in an imperfectly competitive market. It is shown that the pro-competitive e ects of forward trading found in previous work are weakened by the addition of storage, but not eliminated. The price level lies between that of a Cournot game and that of a game with forward trading but without storage.

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