Similar Search Results

Market Power and Efficiency in a Computational Electricity Market with Discriminatory Double-Auction Pricing

Nicolaisen, James; Petrov, Valentin; Tesfatsion, Leigh - EconWPA - 2000

This study reports experimental market power and efficiency outcomes for a computational wholesale electricity market … microstructure is strongly predictive for the relative market power of buyers and sellers, and that high market efficiency is … social mimicry learning via a genetic algorithm. However, market efficiency is substantially reduced. …

Persistent link: https://www.econbiz.de/10005412999

Is Perfect Price Discrimination Really Efficient? An Analysis of Free Entry Equilibria

Bhaskar, V.; To, Ted - EconWPA - 2000

discrimination ensures efficient output decisions given product characteristics, coordination failures may prevent efficiency in the …

Persistent link: https://www.econbiz.de/10005076900

Killing the Goose that Laid the Golden Egg: A Comment on and Extension of "The Incentive for Non-Price Discrimination by an Input Monopolist"

Mandy, David M. - EconWPA - 1999

Persistent link: https://www.econbiz.de/10005561381

Competition or Predation? Schumpeterian Rivalry in Network Markets

Farrell, Joseph; Katz, Michael - EconWPA - 2002

We explore the logic of predation and rules designed to prevent it in markets subject to network effects. Although, as many have informally argued, predatory behavior is plausibly more likely to succeed in such markets, we find that it is particularly hard to intervene in network markets in ways...

Persistent link: https://www.econbiz.de/10005561395

Structure, Behavior, and Market Power in an Evolutionary Labor Market with Adaptive Search

Tesfatsion, Leigh - EconWPA - 2000

utility, engage in efficiency-wage worksite interactions modelled as prisoner's dilemma games, and evolve their worksite …

Persistent link: https://www.econbiz.de/10005561498

Hysteresis in an Evolutionary Labor Market with Adaptive Search

Tesfatsion, Leigh - EconWPA - 2000

This study undertakes a systematic experimental investigation of hysteresis (path dependency) in an agent-based computational labor market framework. It is shown that capacity asymmetries between work suppliers and employers can result in two distinct hysteresis effects, network and behavioral,...

Persistent link: https://www.econbiz.de/10005561506

Telecommunications Regulation: An Introduction

Economides, Nicholas - EconWPA - 2004

This paper examines the justifications, history, and practice of regulation in the US telecommunications sector. We examine the impact of technological and regulatory change on market structure and business strategy. Among others, we discuss the emergence and decline of the telecom bubble, the...

Persistent link: https://www.econbiz.de/10005134493

E-commerce, two-sided markets and info-mediation

Gaudeul, Alexandre; Jullien, Bruno - EconWPA - 2005

Participants in a market, buyers and sellers, may need the service of an intermediary who will put them into contact and give them information about their potential trading partner. The intermediary chooses what price it will charge to each side to have access to its service. It also chooses...

Persistent link: https://www.econbiz.de/10005134532

Monopoly Market with Externality: an Analysis with Statistical Physics and ACE

Nadal, Jean Pierre; Phan, Denis; Gordan, Mirta B.; … - EconWPA - 2003

In this paper, we explore the effects of localised externalities introduced through interaction structures upon the properties of the simplest market model: the discrete choice model with a single homogeneous product and a single seller (the monopoly case). The resulting market is viewed as a...

Persistent link: https://www.econbiz.de/10005134576

Standards Coalitions Formation and Market Structure in Network Industries

Economides, Nicholas; Skrzypacz, Andrzej - EconWPA - 2004

We discuss the formation of technical standards platforms in industries with network externalities where firms are free to choose their degree of technical compatibility with competitors. In our model, firms choose affiliation to a technical standards coalition in the first stage of a game, and...

Persistent link: https://www.econbiz.de/10005135071

1
2
3
4
5
6
7
8
9
10
Next
Last