期刊名称：CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
出版年度：2009
卷号：1
出版社：Center for Operations Research and Econometrics (UCL), Louvain
摘要：In this paper, we examine how uncertainty can affect successive markets, when uncertainty can
jointly influence both the upstream and downstream markets' conditions. The main result of the paper
is that the equilibrium input and output quantities under stochastic dependence can be higher or lower
than the corresponding quantities in the case of certainty equivalence depending on how much
dependent are the events.
