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Full-Text Articles in Economic Theory
Essays On Forward Trading, Environmental Quality And Investor Behavior, And The Wta-Wtp Disparity, Jens Schubert
Essays On Forward Trading, Environmental Quality And Investor Behavior, And The Wta-Wtp Disparity, Jens Schubert
Doctoral Dissertations
This dissertation consists of three essays that study (i) collusion in forward markets, (ii) investor behavior in response to ecological disasters, and (iii) the willingness to accept - willingness to pay disparity in the presence of uncertainty.
Chapter 1 reports the results of a laboratory experiment that examines the strategic effect of forward contracts on market power in infinitely repeated duopolies. Two competing effects motivate the experimental design. Allaz and Vila (1993) argue that forward markets act like additional competitors in that they increase quantity competition among firms. Conversely, Liski and Montero (2006) argue that forward contracting can facilitate collusive …