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Ansink, Erik; Houba, Harold - Tinbergen Institute - 2010

competition than downstream. Observed price patterns in the Goulburn-Murray Irrigation District are consistent with the …

Persistent link: https://www.econbiz.de/10008838627

Oligopolistic Competition in Price and Quality

Dubovik, Andrei; Janssen, Maarten C.W. - Tinbergen Institute - 2008

We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with …

Persistent link: https://www.econbiz.de/10005136872

The Trade and FDI Effects of EMU Enlargement

Brouwer, Jelle; Paap, Richard; Viaene, Jean-Marie - Tinbergen Institute - 2007

This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the European Monetary Union (EMU) to the 10 countries that obtained EU membership in 2004. One-way and two-way error component gravity models are estimated using a data set of unbalanced...

Persistent link: https://www.econbiz.de/10005137357

Manipulable Congestion Tolls

Brueckner, Jan K.; Verhoef, Erik T. - Tinbergen Institute - 2009

The recent literature on congestion pricing with large agents contains a remarkable inconsistency: though agents are large enough to recognize self-imposed congestion and exert market power over prices, they do not take into account the impact of their own actions on the magnitude of congestion...

Persistent link: https://www.econbiz.de/10005137055

Do European Carriers dominate their Hubs?

Lijesen, Mark G.; Rietveld, Piet; Nijkamp, Peter - Tinbergen Institute - 2000

We analyze the phenomenon of hub dominance by developing a model relating fares to distance, using the main leg of intercontinental flights for scaling purposes. Our results indicate that at least some of the major European carriers place a mark up on flights originating from or going to their...

Persistent link: https://www.econbiz.de/10005137161

The Economics of Airport Congestion Pricing

Pels, Eric; Verhoef, Erik - Tinbergen Institute - 2003

Conventional economic wisdom suggests that congestion pricing would be an appropriate response to cope with the growing congestion levels currently experienced at many airports. Several characteristics of aviation markets, however, may make naive congestion prices equal to the value of marginal...

Persistent link: https://www.econbiz.de/10005137232

Pivotal Suppliers and Market Power in Experimental Supply Function Competition

Brandts, Jordi; Reynolds, Stanley S.; Schram, Arthur - Tinbergen Institute - 2011

In the process of regulatory reform in the electric power industry, the mitigation of market power is one of the basic problems regulators have to deal with. We use experimental data to study the sources of market power with supply function competition, akin to the competition in wholesale...

Persistent link: https://www.econbiz.de/10008838542

Do Firms sell forward for Strategic Reasons? An Application to the Wholesale Market for Natural Gas

Eijkel, Remco van; Moraga, J.L. - Tinbergen Institute - 2010

Building on a model of the interaction of risk-averse frms that compete in forward and spot markets, we develop an empirical strategy to test whether oligopolistic frms use forward contracts for strategic motives, for risk-hedging, or for both. An increase in the number of players weakens the...

Persistent link: https://www.econbiz.de/10008838600

Nonparametric Estimation of the Costs of Non-Sequential Search

Moraga-González, José Luis; Sándor, Zsolt; … - Tinbergen Institute - 2008

We study a consumer non-sequential search oligopoly model with search cost heterogeneity. We first prove that an … convergent to zero as the number of firms increases. As a result, when the econometrician has price data from only one market … propose to consider a richer framework where the researcher has price data from many markets with the same underlying search …

Persistent link: https://www.econbiz.de/10005209478

Maximum Likelihood Estimation of Search Costs

Moraga-González, José Luis; Wildenbeest, Matthijs R. - Tinbergen Institute

In a recent paper Hong and Shum [2006. Using price distributions to estimate search costs. Rand Journal of Economics 37 … oligopoly and present a new maximum likelihood method to estimate search costs. We apply our method to a data set of online … to the firms: Despite more than 20 firms operating in each of the markets, we estimate price-cost margins to be around 25 …

Persistent link: https://www.econbiz.de/10005144542