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Product Differentiation and the Sustainability of Collusion
Häckner, Jonas - Institutet för Näringslivsforskning (IFN) - 1992
No abstract.
Persistent link: https://www.econbiz.de/10010818502
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Attention Manipulation and Information Overload
Persson, Petra - Institutet för Näringslivsforskning (IFN) - 2013
When a decision-maker’s attention is limited, her decisions depend on what she focuses on. This gives interested parties an incentive to manipulate not only the substance of communication but also the decision-maker’s attention allocation. This paper models such attention manipulation. In...
Persistent link: https://www.econbiz.de/10010818440
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Entrepreneurial Innovations, Competition and Competition Policy
Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2006
We show that, in the case when innovations are for sale, increased product market competition, captured by reduced … the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm … in the industry. Moreover, it is shown that increased intensity of competition can increase the relative profitability of …
Persistent link: https://www.econbiz.de/10005419538
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The Auctioning of a Failing Firm.
Persson, L. - Institutet för Näringslivsforskning (IFN) - 1999
cost inefficiencies, due to a "least danger to competition" (LDC) condition, which favors small, and thus inefficient …
Persistent link: https://www.econbiz.de/10005639318
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The Creation of the EC Internal Market and Its Effects on the Competitiveness of Producers in Other Industrial Economies
Eliasson, Gunnar; Lundberg, Lars - Institutet för Näringslivsforskning (IFN) - 1989
No abstract.
Persistent link: https://www.econbiz.de/10010818474
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Horizontal Mergers Without Synergies May Increase Consumer Welfare.
Stennek, J. - Institutet för Näringslivsforskning (IFN) - 2001
Markets with imperfect competition do not induce a cost-minimizing allocation of production between firms. The market …
Persistent link: https://www.econbiz.de/10005670124
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Congestion Management in Electricity Networks: Nodal, Zonal and Discriminatory Pricing
Holmberg, Pär; Lazarczyk, Ewa - Institutet för Näringslivsforskning (IFN) - 2012
Wholesale electricity markets use different market designs to handle congestion in the transmission network. We compare nodal, zonal and discriminatory pricing in general networks with transmission constraints and loop flows. We conclude that in large games with many producers who are allowed to...
Persistent link: https://www.econbiz.de/10011271350
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Investment Lilberalization - Why a Restrictive Cross-Border Merger Policy can be Counterproductive
Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2006
Investment liberalizing countries are often concerned that cross-border mergers & acquisitions, in contrast to greenfield investments, might have an adverse effect on domestic firms and consumers. However, given that domestic assets are sufficiently scarce, we identify a preemption effect and an...
Persistent link: https://www.econbiz.de/10005082488
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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