Showing 1 - 10 of 656
Following the collapse of the Soviet Union, Western countries have signed several agreements regarding the use of hydrocarbon resources in the Caspian Basin, with the aim of diversifying their energy suppliers. However, recession in the world economy and persistently low oil prices have...
Persistent link: https://www.econbiz.de/10012110274
China is a rising global power with a growing role and impact on the world's energy markets as well as on the Earth's climate system. China pursues its development in an essentially non-confrontational manner, a vision encapsulated by the notion of peaceful rise which is viewed positively in the...
Persistent link: https://www.econbiz.de/10011392322
The U.S. and EU Merger Guidelines strongly emphasize the relevance of the "ease of entry" argument in merger evaluations. Up to now, very little is known empirically about how mergers affect entry and exit, and the resulting number of firms in the markets. We empirically test this aspect of...
Persistent link: https://www.econbiz.de/10011481190
We develop a dynamic entry model of multi-store oligopoly with heterogeneous markets, and estimate it using data on hamburger chains in Canada (1970–2005). Because more lucrative markets attract more entry, firms appear to favor the pres- ence of more rivals. Thus unobserved heterogeneity...
Persistent link: https://www.econbiz.de/10011800622
This paper estimates a dynamic, structural model of entry and exit in an oligopolistic industry and uses it to quantify the determinants of market structure and long-run firm values for two U.S. service industries, dentists and chiropractors. Entry costs faced by potential entrants, fixed costs...
Persistent link: https://www.econbiz.de/10010195032
This paper analyzes optimal cross-licensing arrangements between incumbent firms in the presence of potential entrants. The optimal cross-licensing royalty rate trades off incentives to sustain a collusive outcome vis-a-vis incentives to deter entry with the threat of patent litigation. We show...
Persistent link: https://www.econbiz.de/10011873750
(Republican) Governor Wilson and a cartel. They favored price caps. The Clinton administration supported Governor Davis. Ken Lay … Regulator Commission (FERC) opposed price caps and barred state officials from access to tapes proving that there was a cartel …. The facts never supported the “perfect storm” theory. The theory that best fit the facts was that a cartel caused the …
Persistent link: https://www.econbiz.de/10014199069
This paper presents an experiment to test effects of sequential entry on stability of collusion in oligopoly markets. Previous research suggests that the larger the number of firms, the harder it is to sustain collusion. We find that when groups start off small and the entrant is informed about...
Persistent link: https://www.econbiz.de/10012713807
This paper analyzes optimal cross-licensing arrangements between incumbent firms in the presence of potential entrants. The optimal cross-licensing royalty rate trades off incentives to sustain a collusive outcome vis-a-vis incentives to deter entry with the threat of patent litigation. We show...
Persistent link: https://www.econbiz.de/10012912373