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Endogenous shifts in OPEC market power : a Stackelberg oligopoly with fringe

Huppmann, Daniel - 2013

This article proposes a two-stage oligopoly model for the crude oil market. In a game of several Stackelberg leaders, market power increases endogenously as the spare capacity of the competitive fringe goes down. This effect is due to the specific cost function characteristics of extractive...

Persistent link: https://www.econbiz.de/10009771871

The effect of market power on electricity storage utilization : the case of pumped hydro storage in Germany

Schill, Wolf-Peter; Kemfert, Claudia - 2009

In this paper, we develop the game-theoretic electricity market model ElStorM that includes the possibility of strategic electricity storage. We apply the model to the German electricity market and analyze different realistic and counterfactual cases of strategic and non-strategic pumped hydro...

Persistent link: https://www.econbiz.de/10003898588

Market concentration and international outsourcing

Egger, Hartmut; Egger, Peter - 2001

This paper shows that market concentration is positively related to outsourcing activities in a framework of Cournot competition with strategic outsourcing in a first stage. The theoretical priors are confirmed by rank correlation coefficients between the intermediate goods import intensity and...

Persistent link: https://www.econbiz.de/10011492264

Merger externalities in oligopolistic markets

Gugler, Klaus; Szücs, Florian - 2013

We quantify externalities on profitability and market shares of competing firms in oligopolistic markets through the transition from an n to an n - 1 player oligopoly after a merger. Competitors are identified via the European Commission's market investigations and our methodology allows us to...

Persistent link: https://www.econbiz.de/10010189432

Estimating demand with multi-homing in two-sided markets

Affeldt, Pauline Luise; Argentesi, Elena; Filistrucchi, Lapo - 2021

We empirically investigate the relevance of multi-homing in two-sided markets. First, we build a micro-founded structural econometric model that encompasses demand for differentiated products and allows for multi-homing on both sides of the market. We then use an original dataset on the Italian...

Persistent link: https://www.econbiz.de/10012607419

Endogenous shifts in OPEC market power : a Stackelberg oligopoly with fringe ; conference paper

Huppmann, Daniel - 2013

Persistent link: https://www.econbiz.de/10010342832

Collusive benchmark rates fixing

Boot, Nuria; Klein, Timo; Schinkel, Maarten-Pieter - 2017

direction in which to rig the rate, however, their interests need to be sufficiently aligned. In this paper we develop cartel … theory to show how an interbank lending rates cartel can be sustained by preemptive portfolio changes. Exchange of … in eligible transactions rigging to justify their submissions. As the cartel is not able to always find stable …

Persistent link: https://www.econbiz.de/10011780773

The comparison between ad valorem and unit taxes under monopolistic competition

Schröder, Philipp J. H. - 2003

This paper shows that the welfare dominance of ad valorem over unit taxes under imperfect competition, extends to the Dixit-Stiglitz framework with differentiated products, entry and love of variety. This contrasts against findings by Anderson et al. (J Public Econ, 2001) made in a similar...

Persistent link: https://www.econbiz.de/10011437563

How to turn an industry green : taxes versus subsidies

Dröge, Susanne; Schröder, Philipp J. H. - 2003

Environmental policies frequently target the ratio of dirty to green output within the same industry. To achieve such targets the green sector may be subsidised or the dirty sector be taxed. This paper shows that in a monopolistic competition setting the two policy instruments have different...

Persistent link: https://www.econbiz.de/10011438300

Conjectural variation models and supergames with price-competition in a differentiated product oligopoly

Pfaffermayr, Michael - 1999 - Revised version

Conjectural variation models are popular in empirical research as they infer the degree of market power from real data. IO-theorists, however disapprove it for lack of theoretical foundation arguing that dynamic reactions are forced into a static model with the strategy space and time horizon...

Persistent link: https://www.econbiz.de/10011491765