Forward trading and storage in a Cournot
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Henry Thille
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Article
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2003
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Elsevier Science
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English
β 136 KB
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