equilibrium unemployment. The relationship between the long-run unemployment and the intensity of product market competition is …

We study the implications of product market competition and investment for price setting, wage bargaining and thereby … market competition will reduce equilibrium unemployment, whereas the effect of increased capital intensity is more complex …

analysis to investment decisions of strategic firms that anticipate competition on many consecutive spot markets with … fluctuating (and possibly uncertain) demand. We study how the degree of spot market competition affects investment incentives and … analysis of investment incentives is still missing. Existing models, as the peak-load-pricing approach, analyze welfare optimal …

quantifies the dynamic competition effects and yields insight into dynamic preemption and over-investment in a general asymmetric …We consider competitive capacity investment for a duopoly of two distinct producers. The producers are exposed to …, we are led to a nonzero-sum timing game describing the transitions among the discrete investment stages. Working in a …

markets lead to outcomes (prices and investment) that are not first-best, it even fails to achieve the second-best optimum … given the constraint of time-invariant pricing. We then show that attempts to correct the level of investment through taxes … necessarily reduce capacity investment, and it is likely to harm customers that are already on RTP …