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Collusive Agreements in Vertically Differentiated Markets

Marini, Marco A. - 2017

proliferating their products. It is shown that a selective pruning within the cartel always occurs. Moreover, by associating a … cooperative (or coalitional) stability of the whole industry cartel is the equidistance of firms' products along the quality …

Persistent link: https://www.econbiz.de/10012954129

Mothballing in a Duopoly : Evidence from a (Shale) Oil Market

Comincioli, Nicola; Hagspiel, Verena; Kort, Peter M.; … - 2020

The mothballing option has been studied in the literature, but mainly in decision theoretic frameworks. This paper looks at it from a strategic point of view and applies it to an incumbent-entrant framework. In particular, based on the recent strategic interactions between OPEC and the shale oil...

Persistent link: https://www.econbiz.de/10014090989

Unconventional Gas and the European Union : Prospects and Challenges for Competitiveness

Vollebergh, Herman R.J. - 2015

This article studies the likely impact of unconventional gas developments in the U.S. on EU competitiveness. We find, first of all, little evidence for a prosperous unconventional gas development in Europe. Second, the U.S. boom has already a strong impact on both world and European energy...

Persistent link: https://www.econbiz.de/10013030220

Cartels, Contracts and Centralization: The Transition to Futures Trading for Primary Commodities

Haskel, Jonathan - C.E.P.R. Discussion Papers - 1995

producers has weakened and core prices have tended to fall towards those on the fringe. Existing cartel/fringe models fail to … cartel/fringe model that incorporates search and contracting. The model predicts that cartel prices exceed those on the … fringe; that the cartel/fringe price differential narrows as futures trading increases; and that a move to contracting lowers …

Persistent link: https://www.econbiz.de/10005504245

Intermodal and Intramodal Competition in Passenger Rail Transport

Ivaldi, Marc; Vibes, Catherine - C.E.P.R. Discussion Papers - 2005

The objective of the paper is to elaborate a simulation model to analyse inter and intra-modal competition in the transport industry, based on game theory models. In our setting, consumers choose a transport mode and an operator to travel on a given city-pair; operators strategically decide on...

Persistent link: https://www.econbiz.de/10005656264

The Impacts of Exogenous Oil Supply Shocks on Mediterranean Economies

Bastianin, Andrea - 2016

The security of energy supply is a key geopolitical factor in the relationship between the European Union and the southern neighborhood countries of the Middle East and North Africa region. We study the response of eight Mediterranean economies to exogenous oil supply shocks. We focus on the...

Persistent link: https://www.econbiz.de/10013001020

The External Cost of European Crude Oil Imports

Bigano, Andrea - 2009

This paper is the first to assess operational and probabilistic externalities of oil extraction and transportation to Europe on the basis of a comprehensive evaluation of realistic future oil demand-supply scenarios, of the relative relevance of import routes, of the local specificities in terms...

Persistent link: https://www.econbiz.de/10013160215

Modelling the Global Price of Oil : Is There Any Role for the Oil Futures-Spot Spread?

Valenti, Daniele - 2018

In this work, we propose an analysis of the global market for crude oil based on a revised version of the Structural Vector Autoregressive (SVAR) model introduced by Kilian and Murphy (2014). On this respect, we replace the global proxy for above-ground crude oil inventories with the oil...

Persistent link: https://www.econbiz.de/10014115111

Vertical Differentiation and Collusion : Cannibalization or Proliferation?

Gabszewicz, Jean J. - 2016

In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the assumption that some firms collude and control both the range of variants for sale and their corresponding prices, likewise a multiproduct firm. We analyse whether pruning...

Persistent link: https://www.econbiz.de/10012997248

The Distribution of Harm in Price-Fixing Cases

Boone, Jan; Müller, Wieland - C.E.P.R. Discussion Papers - 2008

We consider a vertically related industry and analyze how the total harm due to a price increase upstream is distributed over downstream firms and final consumers. For this purpose, we develop a general model without making specific assumptions regarding demand, costs, or the mode of...

Persistent link: https://www.econbiz.de/10005666424

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