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dc.contributor.authorBroll, Udoen_US
dc.contributor.authorWahl, Jack E.en_US
dc.contributor.authorWessel, Christophen_US
dc.date.accessioned2009-01-29en_US
dc.date.accessioned2010-07-15T09:40:58Z-
dc.date.available2010-07-15T09:40:58Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/36492-
dc.description.abstractThis paper studies a Cournot duopoly in international trade so that the firms are exposed to exchange rate risk. A hedging opportunity is introduced by a forward market where the foreign currency can be traded on. We investigate two settings: First we assume that hedging and output decisions are taken simultaneously. We show that hedging is just done for risk managing reasons as it is not possible to use hedging strategically. In this setting the well-known separation result of the competitive firm holds if both firms have the hedging opportunity. In the second setting the hedging decisions are made before the output decisions. We show that hedging is used not only to manage the risk exposure but also as a strategic device. Furthermore we find that no separation result can be stated.en_US
dc.language.isoengen_US
dc.publisherUniv. of Technology, Fac. of Business Management and Economics Dresdenen_US
dc.relation.ispartofseriesDresden discussion paper series in economics 06/08en_US
dc.subject.jelF10en_US
dc.subject.jelF11en_US
dc.subject.jelF30en_US
dc.subject.jelF31en_US
dc.subject.ddc330en_US
dc.subject.keywordExchange Rate risken_US
dc.subject.keywordhedgingen_US
dc.subject.keywordexportsen_US
dc.subject.keywordduopolyen_US
dc.subject.stwWechselkursrisikoen_US
dc.subject.stwExporten_US
dc.subject.stwHedgingen_US
dc.subject.stwDuopolen_US
dc.subject.stwAußenwirtschaftstheorieen_US
dc.subject.stwTheorieen_US
dc.titleExport production, hedging exchange rate risk: the duopoly caseen_US
dc.typeWorking Paperen_US
dc.identifier.ppn590242148en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:tuddps:0608-
Appears in Collections:Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden

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