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A look upstream : electricity market restructuring, risk, procurement contracts and efficiency
Di Maria, Corrado; Lange, Ian; Lazarova, Emiliya A. - 2014 - This version: November 25, 2014
investigate the impact this change in procurement contracts has on efficiency. Focusing on coal mines, we find that those selling …
Persistent link: https://www.econbiz.de/10010464693
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An economic analysis of blockchains
Waelbroeck, Patrick - 2018
between public and private blockchains, because their economic properties are contrasted. Moreover, governance issues in …
Persistent link: https://www.econbiz.de/10011794645
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Measuring the integration of staple food markets in Sub-Saharan Africa : heterogeneous infrastructure and cross border trade in the East African community
Ihle, Rico; Cramon-Taubadel, Stephan von; Zorya, Sergiy I. - 2011
This analysis employs cointegration methods and semiparametric regression in order to assess the integration of maize markets and the factors determining national and cross-national transmission of price signals in Sub-Saharan Africa. We use a rich dataset of 16 series of wholesale maize prices...
Persistent link: https://www.econbiz.de/10009011814
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Spatial differentiation and market power in input procurement : evidence from a structural model of the corn market
Jung, Jinho; Sesmero, Juan; Siebert, Ralph - 2020
We estimate the cost of transporting corn and the resulting degree of spatial differentiation among downstream firms that buy corn from upstream farmers and examine whether such differentiation softens competition enabling buyers to exert market power (defined as the ability to pay a price for...
Persistent link: https://www.econbiz.de/10012162628
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Can competition spoil reciprocity? : a laboratory experiment
Bauernschuster, Stefan; Falck, Oliver; Große, Niels - 2010
This paper investigates how group membership and competition among trustors interact with trust and trustworthiness in a laboratory one-shot trust game. To analyze these effects, we apply a 2x2 design. We induce group membership by letting subjects play coordination games with clear focal...
Persistent link: https://www.econbiz.de/10003935235
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Directed generosity and network formation : network dimension matters
D'Exelle, Ben; Riedl, Arno - 2010
We explore network effects on generosity for different network dimensions. To this end we elicit multiple network … matters for friendship ties but that structural network variables are important in all network dimensions. Importantly, these … effects are not invariant across different network dimensions. We also find that individual characteristics are unrelated with …
Persistent link: https://www.econbiz.de/10008806684
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Incentives, reputation and the allocation of authority
Englmaier, Florian; Filipi, Ales; Singh, Ravi - 2010
We address the question how much authority a principal should delegate to a manager with conflicting interests and uncertain ability in a context in which the manager has both compensation-based and reputational incentives. The optimal level of authority balances the value of the manager's...
Persistent link: https://www.econbiz.de/10003942661
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Making sense of non-binding retail-price recommendations
Bühler, Stefan; Gärtner, Dennis L. - 2010
We model non-binding retail-price recommendations (RPRs) as a communication device facilitating coordination in vertical supply relations. Assuming both repeated vertical trade and asymmetric information about production costs, we show that RPRs may be part of a relational contract,...
Persistent link: https://www.econbiz.de/10003965874
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Corporate governance reforms, interlocking directorship networks and company value in Italy (1998-2007)
Drago, Carlo; Millo, Francesco; Ricciuti, Roberto; … - 2011
effectiveness by slightly dispersing the network of companies. Moreover, we find robust evidence that interlocking directorships has … literature on the relationship between corporate governance and performance. We use a unique dataset made of corporate governance … 1998-2007. We find that the corporate governance reforms introduced over the period considered have shown some …
Persistent link: https://www.econbiz.de/10009009693
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Who should pay for certification?
Stahl, Konrad; Strausz, Roland - 2011
Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device,...
Persistent link: https://www.econbiz.de/10009011365