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Delays in leniency application : is there really a race to the enforcer’s door?
Gärtner, Dennis; Zhou, Jun - 2012 - First version June 2012, Revised November 2012
common beliefs and the existing literature, that conspirators often apply for leniency long after a cartel collapses. We …
Persistent link: https://www.econbiz.de/10009685867
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Cartel duration and endogenous private monitoring and communication : an instrumental variables approach
Zhou, Jun - 2012
. Estimating the impact of such collusive practices" - known as the 'lysine strategy profile (LSP)" - on cartel duration is … related to cartel duration. After correction for selectivity in the decision to use the LSP, statistical tests are consistent … with a theoretic prediction that the LSP increases cartel duration. …
Persistent link: https://www.econbiz.de/10009571067
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Forward trading and collusion in supply functions
Wölfing, Nikolas - 2019
This paper studies the effect of forward contracts on the stability of collusion among firms, competing in supply functions on the spot market. A forward market can increase the range of discount factors which allow to sustain collusion. On the contrary, collusion is destabilised when a...
Persistent link: https://www.econbiz.de/10011968922
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The impact of the internet on retail competition : evidence from technological differences in internet access
Gebhardt, Georg - 2010
Does the internet increase competition? To address this question, I exploit two institutional details unique to Germany: (1) Some municipalities received glass fibre cables that cannot be upgraded to DSL; I use these municipalities as a treatment group with reduced online competition. (2) German...
Persistent link: https://www.econbiz.de/10008823169
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Does a platform monopolist want competition?
Niedermayer, Andreas - 2015
We consider a software vendor first selling a monopoly platform and then an application running on this platform. He may face competition by an entrant in the applications market. The platform monopolist can benefit from competition for three reasons. First, his profits from the platform...
Persistent link: https://www.econbiz.de/10011345756
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Merger policy in a quantitative model of international trade
Breinlich, Holger; Nocke, Volker; Schutz, Nicolas - 2015
In a two-country international trade model with oligopolistic competition, we study the conditions on market structure and trade costs under which a merger policy designed to benefit domestic consumers is too tough or too lenient from the viewpoint of the foreign country. Calibrating the model...
Persistent link: https://www.econbiz.de/10011345771
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Two-sided markets with pecuniary and participation externalities
Schmidtke, Richard - 2006
The existing literature on two-sided markets addresses participation externalities, but so far it has neglected pecuniary externalities between competing platforms. In this paper we build a model that incorporates both externalities. In our setup differentiated platforms compete in advertising...
Persistent link: https://www.econbiz.de/10010365882
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The more the merrier? : on the optimality of market size restrictions
Negenborn, Colin von - 2019 - This draft: September 10, 2019
This paper provides a novel rationale for the regulation of market size when heterogeneous firms compete. A regulator seeks to maximize total welfare by choosing the number of firms allowed to enter the market, e.g. by issuing a certain number of licenses. Opening up the market for more firms...
Persistent link: https://www.econbiz.de/10012108481
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Intermittent versus dispatchable power sources : an integrated competitive assessment
Glenk, Gunther; Reichelstein, Stefan - 2021
The cost and revenue earnings potential of alternative power generation sources has shifted considerably in recent years. Here we introduce the concept of Levelized Profit Margins (LPM) to capture the changing unit economics of both intermittent and dispatchable generation technologies. We apply...
Persistent link: https://www.econbiz.de/10012618277
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Cross-country spillovers of renewable energy promotion : the case of Germany
Abrell, Jan; Kosch, Mirjam - 2021
Electricity generation based on renewable energy (RE) sources such as wind and solar replace the most expensive generators that often rely on fossil fuels. In response to RE promotion, wholesale electricity prices and carbon emissions are therefore expected to decrease. In interconnected...
Persistent link: https://www.econbiz.de/10012619004