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Taxes and Trading versus Intensity Standards : Second-Best Environmental Policies with Incomplete Regulation (Leakage) or Market Power
Holland, Stephen P. - 2009
the sum of consumer and producer surplus) in the presence of incomplete regulation (leakage) or market power by analyzing … regulation, I show that under certain conditions an intensity standard can yield higher welfare than any emissions tax (including … more on substitution effects than output effects to reduce emissions. With incomplete regulation or market power, this …
Persistent link: https://www.econbiz.de/10012463388
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The economics of artificial intelligence : an agenda
Agrawal, Ajay (ed.); Gans, Joshua (ed.); Goldfarb, Avi (ed.) - NBER Conference on the Economics of Artificial …; … - 2019
Persistent link: https://www.econbiz.de/10011904305
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Why Do Index Funds Have Market Power? : Quantifying Frictions in the Index Fund Market
Brown, Zach Y.; Egan, Mark L.; Jeon, Jihye; Jin, Chuqing; … - National Bureau of Economic Research - 2023
Index funds are one of the most common ways investors access financial markets and are perceived to be a transparent and low-cost alternative to active investment management. Despite these purported virtues of index fund investing and the introduction of new products and competitors, many funds...
Persistent link: https://www.econbiz.de/10014421203
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Attribute-based Subsidies and Market Power : an Application to Electric Vehicles
Barwick, Panle Jia; Kwon, Hyuk-soo; Li, Shanjun - National Bureau of Economic Research - 2024
Attribute-based subsidies (ABS) are commonly used to promote the diffusion of energy-efficient products, whose manufacturers often wield significant market power. We develop a theoretical framework for the optimal design of ABS to account for endogenous product attributes, environmental...
Persistent link: https://www.econbiz.de/10014512118
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Market Power in Artificial Intelligence
Gans, Joshua - National Bureau of Economic Research - 2024
This paper surveys the relevant existing literature that can help researchers and policy makers understand the drivers of competition in markets that constitute the provision of artificial intelligence products. The focus is on three broad markets: training data, input data, and AI predictions....
Persistent link: https://www.econbiz.de/10014512124
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Lumpy Consumer Durables, Market Power, and Endogenous Business Cycles
Krishna, Kala - 2001
This paper examines the role of lumpy consumer durables and market power in generating endogenous cycles which seem to be consistent with the facts. When goods are durable, past consumption choices determine the current market size which consists of consumers who have not purchased the good...
Persistent link: https://www.econbiz.de/10012470428
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Some Economic Aspects of Antitrust Analysis in Dynamically Competitive Industries
Evans, David S. - 2001
Competition in many important industries centers on investment in intellectual property. Firms engage in dynamic, Schumpeterian competition for the market, through sequential winner-take-all races to produce drastic innovations, rather than through static price/output competition in the market....
Persistent link: https://www.econbiz.de/10012470456
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The Impact of Market Rules and Market Structure on the Price Determination Process in the England and Wales Electricity Market
Wolak, Frank A. - 2001
This paper argues that the market rules governing the operation of the England and Wales electricity market in combination with the structure of this market presents the two major generators National Power and PowerGen with opportunities to earn revenues substantially in excess of their costs of...
Persistent link: https://www.econbiz.de/10012470476
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Exhuming Q : Market Power vs. Capital Market Imperfections
Cooper, Russell - 2001
Evidence of the statistical significance of profits in Q regressions remains one of the principal findings in the empirical investment literature. This result is frequently taken to support the view that capital market imperfections are an important element for understanding investment. This...
Persistent link: https://www.econbiz.de/10012470544
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Diagnosing Market Power in California's Restructured Wholesale Electricity Market
Borenstein, Severin - 2000
Effective competition in wholesale electricity markets is a necessary feature of a successful electricity supply industry restructuring. We examine the degree of competition in the California wholesale electricity market during the period June 1998 to September 1999 by comparing the market...
Persistent link: https://www.econbiz.de/10012470869