A strategic approach to hedging and contracting [microform] / by David Downie and Ed Nosal.

This paper provides a new rationale for hedging that is based partly on noncompetitive behavior in product markets. The authors identify a set of conditions that imply that a firm may want to hedge. Empirically, these conditions are consistent with what is observed in the marketplace. The conditions...

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Bibliographic Details

Online Access:	Connect to online resource
Main Author:	Downie, David
Corporate Author:	Federal Reserve Bank of Cleveland
Other Authors:	Nosal, Ed
Format:	Microfilm Book
Language:	English
Published:	Cleveland, Ohio : Federal Reserve Bank of Cleveland, [2001]
Series:	Working paper (Federal Reserve Bank of Cleveland) ; 0119. ASI microfiche library. Non-depository collection ; ASI 2001 9377-9.317.
Subjects:	Hedging (Finance) Risk management.