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Supply Function Equilibria and Applications to Electricity Markets Markus Hirn

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Taschenbuch vonMarkus Hirn. Autor: Markus Hirn. There has been a long debate among economists whether it is more reasonable to think that firms choose prices as strategic variables or quantities. A firm may not want to commit to one of these simple types of strategies if uncertainty is introduced since there may be decisions which must possibly be made in advance and can not be made after the resolution of the uncertainty.

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