Hedging Scenarios Under Competition: Exploring the Impact of Competitors' Hedging Practices

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dc.contributor.authorFas, Genco
dc.contributor.authorSenel, Kerem
dc.contributor.editorDincer, H
dc.contributor.editorHacioglu, U
dc.date.accessioned2020-11-21T15:55:33Z
dc.date.available2020-11-21T15:55:33Z
dc.date.issued2017en_US
dc.departmentİstanbul Ticaret Üniversitesien_US
dc.description.abstractHedging without giving regard to what competitors are doing may actually increase the variance of profits as opposed to decreasing it. In this study, a market maker and an individual firm are taken as the players of a simultaneous game. We explore the impact of competitors' hedging practices on the optimal hedging policy of an individual firm by explicitly considering the other factors such as the level of pass-through of cost shocks and the level of profitability in the industry. Computational results are based on the simulations of an analytical model which incorporates a Nash equilibrium strategy.en_US
dc.identifier.doi10.1007/978-3-319-47172-3_15en_US
dc.identifier.endpage243en_US
dc.identifier.isbn978-3-319-47172-3
dc.identifier.isbn978-3-319-47171-6
dc.identifier.issn1431-1941
dc.identifier.scopus2-s2.0-85064940501en_US
dc.identifier.scopusqualityQ4en_US
dc.identifier.startpage225en_US
dc.identifier.urihttps://doi.org/10.1007/978-3-319-47172-3_15
dc.identifier.urihttps://hdl.handle.net/11467/4017
dc.identifier.wosWOS:000413939000017en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSpringer International Publishing Agen_US
dc.relation.ispartofRisk Management, Strategic Thinking and Leadership in the Financial Services Industry: A Proactive Approach To Strategic Thinkingen_US
dc.relation.ispartofseriesContributions to Management Science
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.titleHedging Scenarios Under Competition: Exploring the Impact of Competitors' Hedging Practicesen_US
dc.typeArticleen_US

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