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Green Tradable Certificates versus Feed-in Tariffs in the Promotion of Renewable Energy Shares
Requate, Till - CESifo - 2014
The paper analyzes the relationship between CO2 mitigation policy and promotion policies designed to deploy renewable energy sources for electricity production (RES-E). If an emission cap is the only policy target, an optimal mix consisting of high and low carbon use of fossil fuels, deployment...
Persistent link: https://www.econbiz.de/10011105365
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Net Neutrality and Investment Incentives
Choi, Jay Pil; Kim, Byung-Cheol - CESifo - 2008
This paper analyzes the effects of net neutrality regulation on investment incentives for Internet service providers (ISPs) and content providers (CPs), and their implications for social welfare. We show that the ISP’s decision on the introduction of discrimination across content depends on a...
Persistent link: https://www.econbiz.de/10005196250
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Market Entry Regulation and International Competition
Upmann, Thorsten; Stähler, Frank - CESifo - 2003
As a part of their industry or competition policies governments decide whether to allow for free market entry of firms or to regulate market access. We analyze a model where governments (ab)use these policy decisions for strategic reasons in an international setting. Multiple equilibria of this...
Persistent link: https://www.econbiz.de/10005196323
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The Power to Pass on Taxes - A Test for Tax Shifting Based on Observables
Jametti, Mario; Redonda, Agustin; Sen, Anindya - CESifo - 2013
Since gasoline has a relatively inelastic demand, raising government revenue via gasoline taxes could appear appropriate as it entails a relatively small deadweight loss. However, gasoline retail is generally a highly concentrated market, hence the assumption of perfect competition when...
Persistent link: https://www.econbiz.de/10010667419
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A Look Upstream: Electricity Market Restructuring, Risk, Procurement Contracts and Efficiency
Maria, Corrado Di; Lange, Ian A.; Lazarova, Emiliya - CESifo - 2014
This paper analyzes theoretically and empirically how upstream markets are affected by deregulation downstream …. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated … plants. On the other hand, we also find that transaction costs may have increased as a consequence of deregulation. …
Persistent link: https://www.econbiz.de/10011099762
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Horizontal Merger under Strategic Tax Policy
Liu, Chih-Chen; Mukherjee, Arijit; Wang, Leonard F.S. - CESifo - 2014
We show that the presence of a strategic tax policy increases the incentive for a horizontal merger compared to the … a horizontal merger that has been ignored in the existing literature. In contrast to the usual belief, we also show that … a horizontal merger may benefit the consumers and the society. …
Persistent link: https://www.econbiz.de/10010948827
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Profitable Horizontal Mergers without Cost Advantages: The Role of Internal Organization, Information, and Market Structure
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - CESifo - 2001
Merged firms are typically rather complex organizations. Accordingly, merger has a more profound effect on the …
Persistent link: https://www.econbiz.de/10005765715
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Complementary Bidding Mechanisms and Startup Costs in Electricity Markets
Reguant, Mar - CESifo - 2014
I extend multi-unit auction estimation techniques to a setting in which firms can express cost complementarities over time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate these complementarities, which in these markets arise due...
Persistent link: https://www.econbiz.de/10010877888
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A Fair Price for Energy? Ownership versus Market Opening in the EU15
Fiorio, Carlo V.; Florio, Massimo - CESifo - 2010
In the past two decades privatisation and liberalisation of network industries providing services of general economic interest (SGEI), have been particularly significant in the European Union. Wide variations around a common policy trend can, however, be observed across countries and sectors. We...
Persistent link: https://www.econbiz.de/10008572553
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Strategic Supply Function Competition with Private Information
Vives, Xavier - CESifo - 2009
A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function equilibrium is characterized; the equilibrium is privately...
Persistent link: https://www.econbiz.de/10008534061