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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

Impact of Mergers on the Degree of Competition : Application to the Banking Industry

Cerasi, Vittoria - 2013

This paper analyses the relation between competition and concentration in a monopolistic competition model where banks compete in branching and interest rates and market structure is endogenous. The model is applied on individual bank data in Italy and France using a maximum likelihood approach...

Persistent link: https://www.econbiz.de/10013094359

Collusion in Quality-Segmented Markets

Bos, Iwan; Marini, Marco A. - 2021

. Within this setting, we study four types of price- xing agreement: (i) a segment-wide cartel in the premium submarket only …, (ii) a segment-wide cartel in the standard submarket only, (iii) two segment-wide cartels, and (iv) an industry …-wide cartel. We present a complete characterization of the collusive pricing equilibrium and examine the corresponding effect on …

Persistent link: https://www.econbiz.de/10013251142

Energy Access Scenarios to 2030 for the Power Sector in Sub-Saharan Africa

Bazilian, Morgan - 2014

In order to reach a goal of universal access to modern energy services in Africa by 2030, consideration of various electricity sector pathways is required to help inform policy-makers and investors, and help guide power system design. To that end, and building on existing tools and analysis, we...

Persistent link: https://www.econbiz.de/10013067217

Levelling the Playing Field : On the Missing Role of Network Externality in Designing Renewable Energy Technology Deployment Policies

Jin, Wei - 2015

In creating a level playing field that facilitates the deployment of renewable energy technology (RET), the traditional energy policy regime based on eliminating RET's cost gaps versus fossil energy technology (FET) may be not sufficient. Building on an economic model of energy technology...

Persistent link: https://www.econbiz.de/10013016440

Energy Efficiency Policy with Price-Quality Discrimination

Nauleau, Marie-Laure - 2015

We compare a range of energy efficiency policies in a durable good market subject to both energy-use externalities and price-quality discrimination by a monopolist. We find that the social optimum can be achieved with differentiated subsidies. With ad valorem subsidies, the subsidization of the...

Persistent link: https://www.econbiz.de/10013023954

Combining Climate and Energy Policies : Synergies or Antagonism? Modeling Interactions with Energy Efficiency Instruments

Lecuyer, Oskar - 2015

In addition to the already present Climate and Energy package, the European Union (EU) plans to include a binding target to reduce energy consumption. We analyze the rationales the EU invokes to justify such an overlapping and develop a minimal common framework to study interactions arising from...

Persistent link: https://www.econbiz.de/10013037288

Exploring the Potential for Energy Efficiency in Turkey

Tagliapietra, Simone - 2016

Energy efficiency is one of the key crossroads between energy, climate and economic issues. In fact, it represents one of the most cost effective ways to enhance security of energy supply, to reduce emissions of greenhouse gases and to enhance economic competitiveness at one fell swoop. This...

Persistent link: https://www.econbiz.de/10012997353

Energy Cooperation Opportunities in the Caucasus

Papava, Vladimer - 2012

The paper deals with the design of the framework for the energy co-operation opportunities in the Caucasus, based on the paradigm of 'pipelines harmonization.' Azerbaijan has a clear comparative advantage. Because of the special geographic features of the Caucasus, the use of Azerbaijan’s...

Persistent link: https://www.econbiz.de/10014163141

Charging the Macroeconomy with an Energy Sector : An Agent-based Model

Ciola, Emanuele; Turco, Enrico Maria; Gurgone, Andrea; … - 2022

The global energy crisis that began in fall 2021 and the following spike in energy price constitute a major challenge for the world economy which risks undermining the post-COVID-19 recovery. In this paper, we develop and validate a new macroeconomic agent-based model with an endogenous energy...

Persistent link: https://www.econbiz.de/10013297958