On the Inefficiency of Forward Markets in Leader–Follower Competition

• Desmond Cai

  Corresponding Author

  Desmond Cai

  https://orcid.org/0000-0001-9207-1890

  Department of Electrical Engineering, California Institute of Technology, Pasadena, California 91125;

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  ,
• Anish Agarwal

  Anish Agarwal

  Department of Computer Science, California Institute of Technology, Pasadena, California 91125;

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  ,
• Adam Wierman

  Adam Wierman

  Department of Computing and Mathematical Sciences Department, California Institute of Technology, Pasadena, California 91125

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