Showing 1 - 10 of 83
This paper proposes a partial equilibrium model to describe the global crude oil market. Pricing on the global crude oil market is strongly influenced by price indices such as WTI (USA) and Brent (Northwest Europe). Adapting an approach for pool-based electricity markets, the model captures the...
Persistent link: https://www.econbiz.de/10004963660
Information asymmetries can severely limit cross-border border expansion of banks. When a bank enters a new market, it has incomplete information about potential new clients. Such asymmetries are reduced by credit registers, which distribute financial data on bank clients. We investigate the...
Persistent link: https://www.econbiz.de/10008583478
We quantify externalities on profitability and market shares of competing firms in oligopolistic markets through the transition from an n to an n - 1 player oligopoly after a merger. Competitors are identified via the European Commission's market investigations and our methodology allows us to...
Persistent link: https://www.econbiz.de/10011128837
technologies or sectors (inter-sectoral spillovers), or at the international level. We find that innovation is strongly driven by … knowledge spillovers, especially those occurring at the national level. Wind and solar technologies exhibit distinct innovation … only influential in the case of wind technology. We also find evidence that public R&D stimulates innovation, particularly …
Persistent link: https://www.econbiz.de/10008540166
. Though concentrating solar power is receiving growing interest, innovation studies so far have explored innovative activity … more activity - a pattern closely resembling the R&D support path. R&D and innovation are concentrated in few high …-tech countries - such as the U.S. or Germany. Large CSP potential is not a sufficient condition for innovation, only developed …
Persistent link: https://www.econbiz.de/10008552723
Innovation is at the basis of economic development and as such, it is instrumental for developing countries. We review … the literature on innovation from the perspectives of four select branches of economics to build a conceptual framework of … innovation applicable to developing countries. The conceptual framework includes insights from the surveyed literature and …
Persistent link: https://www.econbiz.de/10005069014
and R&D support measures, and we survey the industrial actors they can encourage to pursue innovation. While deployment … innovation incentives, and R&D support has been comparatively weak. The paper concludes with a discussion of the opportunities …
Persistent link: https://www.econbiz.de/10009149129
The German potable water supply industry is regarded as being highly fragmented, thus inhibiting high potentials for efficiency improvements through consolidation. Focusing on a hypothetical restructuring of the industry, we apply Data Envelopment Analysis (DEA) to analyze the potential...
Persistent link: https://www.econbiz.de/10009646239
We analyze below-cost pricing in retail markets and examine its impact on social welfare as well as on suppliers' incentives to invest in quality. Considering negotiations about a linear wholesale price between the retailer and her suppliers, we find that below-cost pricing aggravates the double...
Persistent link: https://www.econbiz.de/10004963623
This paper investigates the strategic value of the managerial incentive scheme in affecting firms' incentive in R&D investment and their product market activities. Firstly, we find that in Cournot-quantity competition, owners strategically assign a non-profitmaximization objective to their...
Persistent link: https://www.econbiz.de/10004963697