On uncertainty when it affects successive markets

Jaskold Gabszewicz, Jean;Tarola, Ornella;Zanaj, Skerdilajda
(2010) Economics Letters —

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Authors
  • Jaskold Gabszewicz, JeanUCLouvain
    Author
  • Tarola, OrnellaUniversity of Rome “La Sapienza”
    Author
  • Zanaj, SkerdilajdaUniversity of Luxembourg
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Abstract
In this paper. we examine how uncertainty can affect Successive markets, when uncertainty can affect both upstream and downstream markets' conditions The main result of the paper is that the equilibrium Solution depends oil how much dependent are the events. (C) 2009 Elsevier B V All rights reserved.
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Jaskold Gabszewicz, J., Tarola, O., & Zanaj, S. (2010). On uncertainty when it affects successive markets. Economics Letters. https://doi.org/10.1016/j.econlet.2009.11.004