Uncertainty risk, ex ante investment and futures transaction

MaRDI QIDQ3402696zbMATH OpenFDO

Authors Zhixiong Yan, Fangyu Fei

Publication date 12 February 2010

zbMATH Keywords

hold-up problemoptionspecific investmentfutures transaction

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Corporate finance (dividends, real options, etc.) (91G50) Trade models (91B60)

Recommendations

• Incomplete contract, transaction-specific investment, and bargaining power
• Contract, renegotiation, and holdup: results on the technology of trade and investment
• Futures markets, production and diversification of risk
• Endogenous determination of the degree of market-incompleteness in futures innovation
• Production and hedging in futures markets with multiple delivery specifications

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