are traded at a single price, the policy bloc chooses to either not constrain the offset market, or ban offsets completely … price below marginal damage cost of emissions, while the policy-bloc quota price will be above this cost. With maximization … of global welfare and a unified quota price, this price is higher, and offsets constrained in fewer cases, but the …

A Bayesian supply function equilibrium is characterized in a market where firms have private information about their … uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition …, competitiveness is affected by the parameters of the information structure: supply functions are steeper with more noise in the …

. Price-cost margins and bid shading are affected by the parameters of the information structure: supply functions are steeper …A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have … uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function …

subsidies for biofuel production such that the supply-side responses by fossil fuel producers may more than offset the …

We analyze the demand and supply characteristics of the Indian telecommunications market, in order to assess the … potential effectiveness of universal access policies in developing countries. We provide some empirical evidence on the supply … and demand characteristics, using a small time-series-cross-section dataset on Indian States. We suggest that the price …

bounded rationality behavioural models. Both models are extended to include a financial friction on the supply side.The result … in both models is that production, supply of credit and the front payment to capital producers depend heavily on the …

With regard to the recent US house price cycle, we analyze how the interaction between housing supply restrictions … regulatory supply restrictions. Our results suggest that tighter supply restrictions lead to both a larger house price boom and …, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan …