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Supply Function Equilibria: Step Functions and Continuous Representations
Holmberg, Pär; Newbery, David; Ralph, Daniel - Institutet för Näringslivsforskning (IFN) - 2009
In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction, and the market is cleared at the price of the most expensive offer needed to meet realised demand. Such markets can most elegantly be modelled as the pure-strategy, Nash...
Persistent link: https://www.econbiz.de/10005025457
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Supply Function Equilibria of Pay-as-Bid Auctions
Holmberg, Pär - Institutet för Näringslivsforskning (IFN) - 2009
This paper characterizes the Nash equilibrium in a pay-as-bid (discriminatory), divisible-good, procurement auction. Demand by the auctioneer is uncertain as in the supply function equilibrium model. A closed form expression is derived. Existence of an equilibrium is ensured if the hazard rate...
Persistent link: https://www.econbiz.de/10005025460
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Entry Regulations, Product Differentiation and Determinants of Market Structure
Maican, Florin; Orth, ´Matilda - Institutet för Näringslivsforskning (IFN) - 2013
We use a dynamic oligopoly model of entry and exit to evaluate how entry regulations affect profitability and market structure in retail. The model incorporates demand and store-level heterogeneity. Based on unique data for all retail food stores in Sweden, we find that the average entry costs...
Persistent link: https://www.econbiz.de/10010699973
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A Consumer Surplus Defense in Merger Control
Fridolfsson, Sven-Olof - Institutet för Näringslivsforskning (IFN) - 2007
strategically delegate to its competition authority a welfare standard with a bias in favour of consumers. A consumer bias means … that some welfare increasing mergers will be blocked. This is optimal, if the relevant alternative to the merger is another … enhance welfare even though it blocks some welfare increasing mergers when the relevant alternative is the status quo. …
Persistent link: https://www.econbiz.de/10005645436
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Vanity and Congestion: A Study of Reciprocal Externalities
Häckner, Jonas; Nyberg, Sten - Institutet för Näringslivsforskning (IFN) - 1992
No abstract.
Persistent link: https://www.econbiz.de/10010685075
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The Rise of Small Business: Causes and Consequences
Carlsson, Bo - Institutet för Näringslivsforskning (IFN) - 1992
No abstract.
Persistent link: https://www.econbiz.de/10010818459
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Entry and the Choice between Greenfield or Takeover: The Neglected Technological Determinants
Fölster, Stefan; Nyberg, Sten - Institutet för Näringslivsforskning (IFN) - 1993
No abstract.
Persistent link: https://www.econbiz.de/10010818444
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Are High-Growth Firms Overrepresented in High-Tech Industries?
Daunfeldt, Sven-Olof; Elert, Niklas; Johansson, Dan - Institutet för Näringslivsforskning (IFN) - 2015
It is frequently argued that policymakers should target high-tech firms, i.e., firms with high R&D intensity, because such firms are considered more innovative and therefore potential fast-growers. This argument relies on the assumption that the association among high-tech status, innovativeness...
Persistent link: https://www.econbiz.de/10011211884
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Entrepreneurial Innovations and Taxation
Haufler, Andreas; Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2012
growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs’ choice of riskiness of an innovation … project and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset provisions in the … fundamental policy trade-off between the declared goals of promoting employment and innovation in small, entrepreneurial firms …
Persistent link: https://www.econbiz.de/10009399312
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Entrepreneurial Innovations, Competition and Competition Policy
Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2006
the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm … innovation for sale, relative to innovation for entry. …
Persistent link: https://www.econbiz.de/10005419538