Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/22753 
Erscheinungsjahr: 
2007
Schriftenreihe/Nr.: 
Dresden Discussion Paper Series in Economics No. 12/07
Verlag: 
Technische Universität Dresden, Fakultät Wirtschaftswissenschaften, Dresden
Zusammenfassung: 
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. Inparticular, 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.
Schlagwörter: 
Transparency
information system
price uncertainty
hedging
competitive firm
JEL: 
L23
L25
L21
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
242.26 kB





Publikationen in EconStor sind urheberrechtlich geschützt.