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Provision of Renewable Energy using Green Certificates: Market Power and Price Limits
Amundsen, Eirik S.; Nese, Gjermund - Institutt for Økonomi, Universitetet i Bergen - 2012
We formulate an analytic equilibrium model for simultaneously functioning electricity market and a market for Green Certificates. The major focus of the paper is the effect of market power in a Green Certificate system. One of the main results from the analysis is that the certificate system...
Persistent link: https://www.econbiz.de/10009003095
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Motivating Collusion
Ha, Sangeun; Ma, Fangyuan; Zaldokas, Alminas - 2022
We examine how executive compensation can be designed to motivate product market collusion. We look at the 2013 decision to close several regional offices of the Department of Justice, which lowered antitrust enforcement for firms located near these closed offices. We argue that this made...
Persistent link: https://www.econbiz.de/10013321555
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A note on the effects of downstream free entry on wholesale pricing
Pinopoulos, Ioannis N. - 2014
monopolistic conditions in the downstream market. The well-known result of the upstream supplier’s pricing policy being invariant …
Persistent link: https://www.econbiz.de/10010894923
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Selling to Competitors? Competitive Implications of User-Manufacturer Integration
Henkel, Joachim - 2016
Firms that develop user innovations for their own use often find these innovations attractive to their competitors. Thus, the user innovator may consider vertical diversification, turning to manufacturing and selling its own innovation while keeping its original business as a user. The question...
Persistent link: https://www.econbiz.de/10013008474
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Externalities, communication and the allocation of decision rights
Bester, Helmut - 2005
This paper views authority as the right to undertake decisions that impose externalities on other members of the …
Persistent link: https://www.econbiz.de/10010299085
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Externalities and the Allocation of Decision Rights in the Theory of the Firm
Bester, Helmut - 2004
This paper views authority as the right to undertake decisions that have external effects on other members of the organization. Because of contractual incompleteness, monetary incentives are insufficient to internalize these effects in the decision maker's objective. The optimal assignment of...
Persistent link: https://www.econbiz.de/10010333808
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Externalities, Communication and the Allocation of Decision Rights
Bester, Helmut - 2005
This paper views authority as the right to undertake decisions that impose externalities on other members of the …
Persistent link: https://www.econbiz.de/10010334069
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Team production in competitive labor markets with adverse selection
Siemens, Ferdinand von; Kosfeld, Michael - 2014
Team production is a frequent feature of modern organizations. Combined with team incentives, team production can … create externalities among workers, since their utility upon accepting a contract depends on their team's performance and … therefore on their colleagues' productivity. We study the effects of such externalities in a competitive labor market if workers …
Persistent link: https://www.econbiz.de/10010245995
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Externalities and the allocation of decision rights in the theory of the firm
Bester, Helmut - 2004 - Version 1.3, April 2004
This paper views authority as the right to undertake decisions that have external effects on other members of the organization. Because of contractual incompleteness, monetary incentives are insufficient to internalize these effects in the decision maker's objective. The optimal assignment of...
Persistent link: https://www.econbiz.de/10010366572
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Externalities, communication and the allocation of decision rights
Bester, Helmut - 2005
This paper views authority as the right to undertake decisions that impose externalities on other members of the …
Persistent link: https://www.econbiz.de/10010371079