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Fridolfsson, Sven-Olof; Tangerås, Thomas - Institutet för Näringslivsforskning (IFN) - 2011

We propose nuclear capacity auctions as a means to improve the incentives for investing in nuclear power. A properly designed auction would (i) allocate the license to the most efficient bidder; (ii) sell the license if and only if new nuclear power was socially optimal. In particular, capacity...

Persistent link: https://www.econbiz.de/10009401717

Market Power in the Nordic Wholesale Electricity Market: A Survey of the Empirical Evidence

Fridolfsson, Sven-Olof; Tangerås, Thomas - Institutet för Näringslivsforskning (IFN) - 2008

We review the recent empirical research concerning market power on the Nordic wholesale market for electricity, Nord Pool. There is no evidence of blatant and systematic exploitation of system level market power on Nord Pool. However, generation companies seem from time to time able to take...

Persistent link: https://www.econbiz.de/10005645390

Real-time versus Day-ahead Market Power in a Hydro-based Electricity Market

Mauritzen, Johannes; Tangerås, Thomas - Institutet för Näringslivsforskning (IFN) - 2014

We analyse in a theoretical framework the link between real-time and day-ahead market performance in a hydro-based and imperfectly competitive wholesale electricity market. Theoretical predictions of the model are tested on data from the Nordic power exchange, Nord Pool Spot (NPS).We reject the...

Persistent link: https://www.econbiz.de/10010818468

Endogenous Mergers in Concentrated Markets.

Horn, H.; Persson, L. - Institutet för Näringslivsforskning (IFN) - 1999

This paper proposes an approach for prediction the pattern of mergers when different mergers are feasible. It generalizes the traditional IO approach, employing ideas on coalition-formation from cooperative gave theory. The model suggests that in concentrated markets, mergers are conductive to...

Persistent link: https://www.econbiz.de/10005670123

Internal Efficiency and External Conditions.

Weibull, J-W - Institutet för Näringslivsforskning (IFN) - 1997

This paper develops a new analystical approach to the old question whether market conditions may influence the internal efficiency of firms. The basic textbook model of the firm is slightly extended to incorporate managers' incentives to reduce production costs in an imperfectly competitive...

Persistent link: https://www.econbiz.de/10005486493

Predation and Mergers: Is Merger Law Couterproductive?.

Persson, L. - Institutet för Näringslivsforskning (IFN) - 1999

predation in an oligopoly is limited by the subsequent competition for the prey. This bidding competition is especially fierce …-riding problem associated with mergers, and second, destructive predation helps firms avoid the bidding competition. It is also shown … predators avoid the bidding competition. Moreover, the incentive for predation under the US failing firm defense might be even …

Persistent link: https://www.econbiz.de/10005639303

The Equilibrium Ownership of an International Oligopoly.

Horn, H.; Persson, L. - Institutet för Näringslivsforskning (IFN) - 1999

Mergers and acquisitions (M&A) is the dominant form of Foreign Direct Investment (FDI), but has received but scarce attention in the theory literature on trade and investment. This paper highlights how the international pattern of ownership of productive assets may depend on features of trade...

Persistent link: https://www.econbiz.de/10005639315

Schumpeterian Innovation, Market Structure and the Stability of Industrial Development

Eliasson, Gunnar - Institutet för Näringslivsforskning (IFN) - 1986

No abstract.

Persistent link: https://www.econbiz.de/10010684524

Internal Efficiency and External Conditions

Weibull, Jörgen W. - Institutet för Näringslivsforskning (IFN) - 1997

This paper develops a new analytical approach to the old question whether market conditions may influence the internal efficiency of firms. The basic textbook model of the firm is slightly extended to incorporate managers' incentives to reduce production costs in an imperfectly competitive...

Persistent link: https://www.econbiz.de/10010600194

Firm Dynamics in a Nordic Perspective: Large Corporations and Industrial Transformation

Heum, Per; Ylä-Anttila, Pekka; Braunerhjelm, Pontus; … - Institutet för Näringslivsforskning (IFN) - 1994

No abstract.

Persistent link: https://www.econbiz.de/10010818336