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Bilateral Market Power and Vertical Integration in the Spanish Electricity Spot Market

Kühn, Kai-Uwe; Machado, Matilde Pinto - C.E.P.R. Discussion Papers - 2004

The Spanish electricity spot market is highly concentrated both on the seller and the buyer side. Furthermore, unlike electricity spot markets in other deregulated electricity systems, large buyers and sellers are typically vertically integrated. This allows both large net sellers and large net...

Persistent link: https://www.econbiz.de/10005123592

Leveraging Monopoly Power by Degrading Interoperability: Theory and evidence from computer markets

Genakos, Christos D.; Kühn, Kai-Uwe; Van Reenen, John - C.E.P.R. Discussion Papers - 2011

When will a monopolist have incentives to foreclose a complementary market by degrading compatibility/interoperability of his products with those of rivals? We develop a framework where leveraging extracts more rents from the monopoly market by 'restoring' second degree price discrimination. In...

Persistent link: https://www.econbiz.de/10009209834

Market Transparency, Competitive Pressure and Price Volatility

Kühn, Kai-Uwe; Martínez, Catalina B - C.E.P.R. Discussion Papers - 1996

In this paper we analyse the role of asymmetric information between firms and consumers about market conditions. In standard models of oligopoly informational advantages of firms over customers do not play a role because all prices are observable. When customers are unable to observe all...

Persistent link: https://www.econbiz.de/10005791781

Excess Entry, Vertical Integration and Welfare

Kühn, Kai-Uwe; Vives, Xavier - C.E.P.R. Discussion Papers - 1995

This paper provides a systematic analysis of the welfare effects of vertical integration by a monopolistic input supplier into a monopolistically competitive downstream industry. We give sufficient conditions on consumer preferences that lead to Pareto improving vertical integration. We...

Persistent link: https://www.econbiz.de/10005661460

More Schooling, More Children: Compulsory Schooling Reforms and Fertility in Europe

Fort, Margherita; Schneeweis, Nicole; Winter-Ebmer, Rudolf - C.E.P.R. Discussion Papers - 2011

We study the relationship between education and fertility, exploiting compulsory schooling reforms in Europe as source … of exogenous variation in education. Using data from 8 European countries, we assess the causal effect of education on … the number of biological kids and the incidence of childlessness. We find that more education causes a substantial …

Persistent link: https://www.econbiz.de/10009324255

The Causal Effect of Education on Health: What is the Role of Health Behaviors?

Brunello, Giorgio; Fort, Margherita; Schneeweis, Nicole; … - C.E.P.R. Discussion Papers - 2011

We study the contribution of health-related behaviors to the health-education gradient by distinguishing between short … we consider the entire history of behaviors. We use an empirical approach that addresses the endogeneity of education and … behaviors in the health production function. Focusing on self-reported poor health as our health outcome, we find that education …

Persistent link: https://www.econbiz.de/10009385763

Reducing Start-Up Costs for New Firms: The Double Dividend on the Labour Market

Dulleck, Uwe; Frijters, Paul; Winter-Ebmer, Rudolf - C.E.P.R. Discussion Papers - 2004

insurance against unemployment caused by labour market frictions and hence increases the incentives for education. We show … within a matching model that reducing the start-up costs for new firms results in higher take-up rates of education. It also …

Persistent link: https://www.econbiz.de/10005789165

Peer Effects in Austrian Schools

Schneeweis, Nicole; Winter-Ebmer, Rudolf - C.E.P.R. Discussion Papers - 2005

This study deals with educational production in Austria and is focused on the potential impact of schoolmates on students’ academic outcomes. We used PISA 2000 data to estimate peer effects for 15 and 16 year old students. The estimations yield substantial positive effects of the peer...

Persistent link: https://www.econbiz.de/10005792354