Buying and selling behavior in stochastic environments with backstop markets (Q749419)
From MaRDI portal
 | This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use this page instead for the normal view: Buying and selling behavior in stochastic environments with backstop markets |
scientific article; zbMATH DE number 4172699
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Buying and selling behavior in stochastic environments with backstop markets |
scientific article; zbMATH DE number 4172699 |
Statements
Buying and selling behavior in stochastic environments with backstop markets (English)
0 references
1989
0 references
The main body of this paper contains a theoretical analysis of the behavior of a firm (a buyer) facing a stochastic supply curve for its input, but in addition has access to (deterministic) backstop markets, where it can buy its input after the realization in the ordinary stochastic market is known. It is shown that some of the ranking results of \textit{K.-G. Löfgren} and \textit{B. Ranneby} [Scand. J. Econ. 89, 39-54 (1987; Zbl 0616.90009)] can be proved under more general conditions.
0 references
stochastic supply curve
0 references
backstop markets
0 references
stochastic market
0 references
