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Liberalizing the gas industry: Take-or-pay contracts, retail competition and wholesale trade
Polo, Michele; Scarpa, Carlo - In: International Journal of Industrial Organization 31 (2013) 1, pp. 64-82
clauses limit the incentives to face-to-face competition and determine segmentation and monopoly pricing even when entry of … new competitors occurs. The development of wholesale trade, instead, may induce generalized entry and retail competition …
Persistent link: https://www.econbiz.de/10010608444
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Market size, structure, and access: Trade with capacity constraints
Soderbery, Anson - In: European Economic Review 70 (2014) C, pp. 276-298
This paper develops a model of international trade where firms are heterogeneous across capacity and productivity. A binding capacity constraint induces firms to raise prices in order to take advantage of access to new markets. This generates markets with a flexible competitive structure giving...
Persistent link: https://www.econbiz.de/10010931001
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Financial condition and product market cooperation
Gustafson, Matthew T.; Ivanov, Ivan T.; Ritter, John - In: Journal of Corporate Finance 31 (2015) C, pp. 1-16
We provide evidence that existing studies relating financial condition to product market cooperation produce mixed results because of unique features of the industries examined. In particular, all evidence suggesting that poor financial condition decreases cooperation comes from the airline...
Persistent link: https://www.econbiz.de/10011264354
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Strategic Advantage and the Optimal Exercise of Entry Options
Perotti, Enrico C; Rossetto, Silvia - C.E.P.R. Discussion Papers - 2001
We investigate the timing and the valuation of strategic investment aimed at enhancing entry opportunities in related … market segments. As demand is uncertain, entry options should be exercised at the optimal time, trading off the market share … gain against the option to wait until more information is revealed, while anticipating competitors' entry behaviour. When …
Persistent link: https://www.econbiz.de/10005662306
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Imperfect Competition, Market Size and Firm Turnover
Asplund, Björn Marcus; Nocke, Volker - C.E.P.R. Discussion Papers - 2000
that entry and exit rates are positively correlated across industries. Our objective is to investigate the effect of sunk … costs and, in particular, market size on entry and exit rates. We analyse a stochastic dynamic model of a monopolistically … show existence and uniqueness of a stationary equilibrium with simultaneous entry and exit: efficient firms survive while …
Persistent link: https://www.econbiz.de/10005136712
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Product Market Competition and Economic Performance in Japan
Høj, Jens - 2004
Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth of productivity have been low in many...
Persistent link: https://www.econbiz.de/10012444046
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Product Market Competition and Economic Performance in Korea
Baek, Yongchun - 2004
Maintaining rapid economic growth depends increasingly on productivity gains, particularly in the service sector. Competition has an important role to play in achieving such gains. However, Korea’s development strategy has tended to weaken competition and has left a legacy of government...
Persistent link: https://www.econbiz.de/10012444204
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Incentivi alle nuove infrastrutture d'approvvigionamento di gas: il caso del GNL
Dorigoni, Susanna; Pontoni, Federico - In: ECONOMIA E POLITICA INDUSTRIALE 2010/1 (2010) 1, pp. 87-103
incentive regulation aimed at facilitating the entry of newcomers to the market. This regulation (No. 178/05) has attracted a …
Persistent link: https://www.econbiz.de/10008559969
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Product Market Competition and Economic Performance in Korea
Baek, Yongchun; Jones, Randall S.; Wise, Michael - Economics Department, Organisation de Coopération et … - 2004
Maintaining rapid economic growth depends increasingly on productivity gains, particularly in the service sector. Competition has an important role to play in achieving such gains. However, Korea’s development strategy has tended to weaken competition and has left a legacy of government...
Persistent link: https://www.econbiz.de/10005045925
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Product Market Competition and Economic Performance in Japan
Høj, Jens; Wise, Michael - Economics Department, Organisation de Coopération et … - 2004
Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth of productivity have been low in many...
Persistent link: https://www.econbiz.de/10005045937