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This paper examines the relation between prices in conventional stores and on the Internet. Main results from the theoretical analysis are i) we expect a discrete fall in prices in conventional stores as the share of the population with access to Internet reaches a critical level, ii) the...
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The constant conditional correlation GARCH model is probably the most frequently applied multivariate GARCH model. In this paper we consider an extension to this model and examine its fourth-moment structure. The extension, first considered by Jeantheau (1998), is motivated by the result found...
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). Taking into account the repeated nature of electricity markets, we check the robustness of the argument that the access to … respect to the finite horizon assumption. This paper proposes a model of the electricity market where firms sign long … contract markets help sustain collusion on the spot market. -- Contract market ; Electricity ; Spot Market ; Forward ; Tacit …
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The literature on deregulated electricity markets generally assumes available capacities to be given. In contrast, this … ; electricity …
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