Showing 1 - 10 of 15
Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...
Persistent link: https://www.econbiz.de/10012938866
This paper analyses the benefits of further market integration of European wholesale electricity markets. Major gains from trade are sill left unrealized due to (1) uncomplete market coupling of national wholesale markets, (2) isolated national regulation of capacity and reserve mechanisms (CRM)...
Persistent link: https://www.econbiz.de/10010187157
Persistent link: https://www.econbiz.de/10003471682
authorized during the same time period. We also provide the first comparison of legal and illegal cartels in Germany. Legal … the industries involved. The construction industries are the most cartelized sectors in Germany (29.8% of all legal …
Persistent link: https://www.econbiz.de/10008667616
konventionelle Kraftwerke. Wir stellen deshalb ein mögliches Kapazitätsmarktmodell für Deutschland vor, weisen aber zugleich darauf … hin, dass ein derartiges System kurzfristig weder notwendig ist noch für Deutschland isoliert eingeführt werden sollte …The fundamental change of energy policy in Germany has lead to a discussion how security of electricity supply will be …
Persistent link: https://www.econbiz.de/10009485785
Persistent link: https://www.econbiz.de/10009659595
The German reserve power market was subject to important regulatory changes in recent years. A new market design was created by synchronization and interconnection of the four control areas. In this paper, we analyze whether or not the reforms led to lower prices for minute reserve power (MRP)....
Persistent link: https://www.econbiz.de/10009667279
This paper argues against the rapid implementation of capacity mechanisms in Germany. There is no systematic, non …
Persistent link: https://www.econbiz.de/10010201752
This paper offers a cartel explanation for the stability of German collective bargaining institutions.We show that a dense net of legal safeguards has been yarned around the wage setting cartel. These measures make deviation by cartel insiders less attractive and simultaneously erect entry...
Persistent link: https://www.econbiz.de/10014050195
authorized during the same time period. We also provide the first comparison of legal and illegal cartels in Germany. Legal … the industries involved. The construction industries are the most cartelized sectors in Germany (29.8% of all legal …
Persistent link: https://www.econbiz.de/10010302579