DocumentCode
3577054
Title
Supply uncertainty in commodity contracting: An agent-based model
Author
Tong Zhang ; Yu Wu
Author_Institution
Res. Inst. of Econ. & Manage., Southwestern Univ. of Finance & Econ., Chengdu, China
fYear
2014
Firstpage
1
Lastpage
5
Abstract
This article shows that in an oligopsony market with supply uncertainty, factors such as market concentration, price elasticity and cost function will affect whether processors procure commodity via forward market and the size of captive supplies they would use.
Keywords
contracts; microeconomics; oligopoly; pricing; agent-based simulation; captive supplies; commodity contracting; cost function; market concentration; oligopsony market; price elasticity; supply uncertainty; Economics; Electric shock; Forward contracts; Procurement; Program processors; Uncertainty; captive supply; particle swarm optimization; procurement strategies; supply uncertainty;
fLanguage
English
Publisher
ieee
Conference_Titel
Behavior, Economic and Social Computing (BESC), 2014 International Conference on
Type
conf
DOI
10.1109/BESC.2014.7059525
Filename
7059525
Link To Document