This paper analyses an electricity market in which a monopolist that employs fossil-fuel base-load and peak-load technologies competes against a fringe of renewable energy (RE) generators. The optimal technology and electricity mix can be decentralised by levying technology-dependent capacity...

There are well-documented episodes for which prices remained at supracompetitive levels even after a cartel had been shut down by the competition authority. As long as market conditions remain reasonably stable, it is quite possible that collusive prices will still be incentive compatible so the...

The increasing awareness of corporate social responsibility (CSR) makes the investment in CSR activities a strategy to distinguish firms in a competitive environment. In practice, a greenwashing phenomenon is identified where a firm uses CSR investment as a marketing gimmick and only invests in...

Several states have enacted specialized limited liability company (LLC) legislation in an attempt to attract decentralized autonomous organizations (DAOs). In this way, the regulatory competition debate surrounding states such as Wyoming, Tennessee, and Vermont, attempting to dethrone Delaware,...

Futures contracts have been highly successful financial securities, with substantial trading volumes and active underlying asset markets. In a dynamic market framework, we show that imperfect competition in future spot markets motivates trades in futures contracts in earlier periods. The...

This paper investigates the discrepancy among the multiple ranking lists of the same performers. It treats ranking lists as some well-positioned information products rather than the repetitive measures of performance. Hence, discrepancy stems from the differentiation rather than the measure...