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Vertical Arrangements, Market Structure, and Competition An Analysis of Restructured U.S. Electricity Markets

Bushnell, James B. - 2007

This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured markets, we simulate prices that define...

Persistent link: https://www.econbiz.de/10012465139

Collusive Investments in Technological Compatibility : Lessons from U.S. Railroads in the Late 19th Century

Gross, Daniel P. - 2019

Collusion is widely condemned for its negative effects on consumer welfare and market efficiency. In this paper, I show that collusion may also in some cases facilitate the creation of unexpected new sources of value. I bring this possibility into focus through the lens of a historical episode...

Persistent link: https://www.econbiz.de/10012480205

Spatial Competition, Strategic Entry Responses, and the North Dakota Railroad War of 1905

Syverson, Chad - National Bureau of Economic Research - 2024

The North Dakota Railroad War of 1905, which pitted a potential entrant (the Soo Line) against an established monopolist incumbent (the Great Northern Railway), offers a lucid empirical example of strategic behavior, and in particular the potential for entry deterrence through product...

Persistent link: https://www.econbiz.de/10014576577

Exclusionary Minimum Resale Price Maintenance

Asker, John - 2010

incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down …- stream competition and the breakdown of RPM. Hence, via RPM, retailers internalize the effect of accommodating entry on the … effect of a retailer cartel. We also consider the effect of imperfect competition. Empirical and policy implications are …

Persistent link: https://www.econbiz.de/10012462093

Assessing the Anticompetitive Effects of Multiproduct Pricing

Carlton, Dennis W. - 2008

In response to the "standardless" approach used in LePage's v. 3M, the Antitrust Modernization Commission (AMC) and others advocate using a discount allocation approach to assess whether bundled loyalty discounts violate Section 2 of the Sherman Act. This approach treats loyalty discounts like...

Persistent link: https://www.econbiz.de/10012464448

On the Efficiency of Competitive Electricity Markets With Time-Invariant Retail Prices

Borenstein, Severin - 2003

The standard economic model of efficient competitive markets relies on the ability of sellers to charge prices that vary as their costs change. Yet, there is no restructured electricity market in which most retail customers can be charged realtime prices (RTP), prices that can change as...

Persistent link: https://www.econbiz.de/10012468774

Pricing Strategy and Financial Policy

Dasgupta, Sudipto - 1996

Recent empirical evidence indicates that capital structure changes affect pricing strategies. In most cases, prices increase following the implementation of a leveraged buyout of a major firm in an industry, with the more levered firm charging higher prices on average. Notable exceptions exist...

Persistent link: https://www.econbiz.de/10012473361

Competition and Price Dispersion in the U.S. Airline Industry

Borenstein, Severin - 1991

This papers analyzes dispersion in the prices that an airline charges to different customers on the same route. Such variation in airlines fares is substantial: the expected absolute difference in fares between two of an airline's passengers on a route averages thirty-six percent of the...

Persistent link: https://www.econbiz.de/10012475215

Competing with Costco and Sam's Club : Warehouse Club Entry and Grocery Prices

Courtemanche, Charles J. - 2011

Prior research shows grocery stores reduce prices to compete with Walmart Supercenters. This study finds evidence that the competitive effects of two other big box retailers - Costco and Walmart-owned Sam's Club - are quite different. Using city-level panel grocery price data matched with a...

Persistent link: https://www.econbiz.de/10012461437

Mergers, Deregulation and Cost Savings in the U.S. Rail Industry

Berndt, Ernst R. - 1991

The success of deregulation in creating a viable private rail freight system in the ?U.S. since 1979 is relatively … undisputed. Deregulation has proceeded in three ways: (i) eased rate setting restrictions; (ii) simplified merger applications … of deregulation on rail costs from those directly attributable to mergers and acquisitions. We employ a translog variable …

Persistent link: https://www.econbiz.de/10012475256

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