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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

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/10014200939

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

Bertrand Competition in Markets with Network Effects and Switching Costs

Suleymanova, Irina - 2008

We analyze market dynamics under Bertrand duopoly competition in industries with network effects and consumer switching costs. Consumers form installed bases, repeatedly buy the products, and differ with respect to their switching costs. Depending on the ratio of switching costs to network...

Persistent link: https://www.econbiz.de/10012724212

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

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/10014155120

The way towards an energy policy for Europe

Vinois, Jean-Arnold - In: Vierteljahrshefte zur Wirtschaftsforschung 76 (2007) 1, pp. 17-25

The quest for a European energy policy has been at the heart of the European integration since World War II. Since the aftermaths of the two oil shocks, all attempts to create a Common Energy Policy failed so far. The paper seeks to identify why Europe needs to define a coherent and ambitious...

Persistent link: https://www.econbiz.de/10010487367

Using energy and materials more efficiently : large and profitable potentials, but little attention from energy and climate policy

Jochem, Eberhard - In: Vierteljahrshefte zur Wirtschaftsforschung 76 (2007) 1, pp. 50-64

The paper first outlines the challenges the global energy system is facing. It then summarises the present knowledge of energy efficient solutions in all energy using sectors from primary energy to useful energy and, more importantly, from useful energy to energy services (material efficiency...

Persistent link: https://www.econbiz.de/10010487370

Can Uncertainty Justify Overlapping Policy Instruments to Mitigate Emissions?

Lecuyer, Oskar - 2013

This article constitutes a new contribution to the analysis of overlapping instruments to cover the same emission sources. Using both an analytical and a numerical model, we show that when the risk that the CO2 price drops to zero and the political unavailability of a CO2 tax (at least in the...

Persistent link: https://www.econbiz.de/10013089296

An Evaluation of Overseas Oil Investment Projects Under Uncertainty Using a Real Options Based Simulation Model

Zhu, Lei - 2013

This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte Carlo simulation and is solved by the Least Squares Monte-Carlo method. To better reflect the reality of overseas oil investment, our model has incorporated not only the...

Persistent link: https://www.econbiz.de/10013091780