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How Nuclear Power Plants in Spain are reacting to the Massive Introduction of Renewable Energy

Armstrong, Margaret; Sasaki, Asana; Novel-Cattin, Frederic - HAL - 2014

This paper analyses the evolution of the bidding strategies of nuclear power plants on the Spanish day-ahead auction market, over the 11-year period from 2002 until December 2012. During that time the proportion of renewable energy especially wind and solar power increased dramatically. At the...

Persistent link: https://www.econbiz.de/10010930186

Cost-saving or Cost-enhancing Mergers: the Impact of the Distribution of Roles in Oligopoly

Pape, Nicolas Le; Zhao, Kai - HAL - 2010

We consider ﬁrms perfectly symmetrical on production costs in the pre-merger game but the cost of the merged entity may be amended due to the anti-competitive effects of the merger. The lack of empirical precision concerning the effect of the merger on production costs (Scherer, 1980 or Tichy,...

Persistent link: https://www.econbiz.de/10010821348

A contribution of experimental economics toward characterization of the use of market power in oligopolisitc markets

Petit, Fabien; Phulpin, Yannick; Saguan, Marcelo; … - HAL - 2007

Despite the numerous researches about imperfect competition, the market power remains difficult to quantify using traditional economics methods. In this paper, we propose an experimental economics design and outline some ways of analysis of its results toward characterization of the use of...

Persistent link: https://www.econbiz.de/10008789396

Intertemporal Emissions Trading and Market Power: A Dominant Firm with Competitive Fringe Model

Chevallier, Julien - HAL - 2009

exogenously determined. The strategic interactions are modeled on an intra-industry permits markets where agents can freely bank …

Persistent link: https://www.econbiz.de/10008793663

Intertemporal Emissions Trading and Allocation Rules: Gainers, Losers and the Spectre of Market Power

Chevallier, Julien - HAL - 2009

Stemming from politically given market imperfections in a tradable permits system, this paper develops a Stackelberg game with two types of non-cooperative agents to describe how a large -potentially dominant- agent may exercise market power at the expense of a competitive fringe. In a dynamic...

Persistent link: https://www.econbiz.de/10008793701

A note on price-taking and price-making behaviours in general equilibrium oligopoly models

Julien, Ludovic; Tricou, Fabrice - HAL - 2006

This paper explores the rationale of price-taking and price-making behaviours in the context of Walrasian and Cournotian pure exchange economies. Beside the influence of the number of agents, we underline the role of the structure of preferences. Through three equilibrium variations of the same...

Persistent link: https://www.econbiz.de/10008794136

Market Power and Collusion on Interconnection Phone Market in Tunisia : What Lessons from International Experiences

Debbichi, Sami; Hichri, Walid - HAL - 2014

We try in this paper to characterize the state of mobile phone market in Tunisia. Our study is based on a survey of foreign experience (Europe) in detecting collusive behavior and a comparison of the critical threshold of collusion between operators in developing countries like Tunisia. The...

Persistent link: https://www.econbiz.de/10010899718

The Impact of Restrictions in Trade in the Telecommunications: an Application to Middle East and North African Countries

Montalieu, Thierry; Rabaud, Isabelle - HAL - 2012

Theoretically, welfare gains from liberalisation of trade in services arise from falling prices and technology transfers from foreign firms. Empirically, due to the role of the regulatory framework in barriers to trade in services ('behind-the-border' laws) substantial gains are only reached...

Persistent link: https://www.econbiz.de/10010821305

When does financial sector (in)stability induce financial reforms?

Lee, Susie; Schumacher, Ingmar - HAL - 2011

The article studies whether financial sector (in)stability had an effect on reforms in the financial sector in a large cross-country panel from 1990 to 2005. We forward the theory that countries are more likely to liberalize their financial sectors in times of financial stability. We argue that...

Persistent link: https://www.econbiz.de/10009368015

Monetary Policy and Credit Cycles: A DSGE Analysis

Badarau, Florina-Cristina; Popescu, Alexandra - HAL - 2012

what a central bank could have done to improve the reaction of the economy to the financial bubble. We study by means of a … fi nancial accelerator DSGE model the dynamics of our economy when the central bank has, fi rst, only traditional … actions of the central bank would have remained limited by the use of a single instrument, the interest rate. …

Persistent link: https://www.econbiz.de/10010821362