The competitive firm under price uncertainty: the role of information and hedging

Eckwert B, Broll U (2008)
Decisions in Economics and Finance 31(1): 1-11.

Zeitschriftenaufsatz | Veröffentlicht| Englisch
 
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Abstract / Bemerkung
We study the impact of transparency in a commodity market on the decision problem of a competitive firm under price uncertainty and hedging opportunities. Market transparency is modeled by means of the informational content of publicly observable signals which are correlated with the random price. We find that the impact of more transparency on labor employment and production depends on the firm’s technology. In particular, more transparency may result in lower average output even though on average more labor has been used in the production process. We also analyze the link between market transparency and the welfare of the firm.
Stichworte
L21 L23 L25 91B24 91B26 91B30 91B38 91B44
Erscheinungsjahr
2008
Zeitschriftentitel
Decisions in Economics and Finance
Band
31
Ausgabe
1
Seite(n)
1-11
ISSN
1129-6569, 1593-8883
Page URI
https://pub.uni-bielefeld.de/record/2687828

Zitieren

Eckwert B, Broll U. The competitive firm under price uncertainty: the role of information and hedging. Decisions in Economics and Finance. 2008;31(1):1-11.
Eckwert, B., & Broll, U. (2008). The competitive firm under price uncertainty: the role of information and hedging. Decisions in Economics and Finance, 31(1), 1-11. doi:10.1007/s10203-007-0074-8
Eckwert, B., and Broll, U. (2008). The competitive firm under price uncertainty: the role of information and hedging. Decisions in Economics and Finance 31, 1-11.
Eckwert, B., & Broll, U., 2008. The competitive firm under price uncertainty: the role of information and hedging. Decisions in Economics and Finance, 31(1), p 1-11.
B. Eckwert and U. Broll, “The competitive firm under price uncertainty: the role of information and hedging”, Decisions in Economics and Finance, vol. 31, 2008, pp. 1-11.
Eckwert, B., Broll, U.: The competitive firm under price uncertainty: the role of information and hedging. Decisions in Economics and Finance. 31, 1-11 (2008).
Eckwert, Bernhard, and Broll, Udo. “The competitive firm under price uncertainty: the role of information and hedging”. Decisions in Economics and Finance 31.1 (2008): 1-11.

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