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On uncertainty when it affects successive markets

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  • Gabszewicz, Jean
  • Tarola, Ornella
  • Zanaj, Skerdilajda

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 on how much dependent are the events.

Suggested Citation

  • Gabszewicz, Jean & Tarola, Ornella & Zanaj, Skerdilajda, 2010. "On uncertainty when it affects successive markets," Economics Letters, Elsevier, vol. 106(2), pages 133-136, February.
    • Handle: RePEc:eee:ecolet:v:106:y:2010:i:2:p:133-136
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    References listed on IDEAS

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    More about this item

    Keywords

    Uncertainty Successive markets Dependent events;

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies

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