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We examine the relation between consumer search and equilibrium prices when collusion is endogenously determined. We develop a theoretical model and show that average price is a U-shaped function of the measure of searchers: prices are highest when there are no searchers (local monopoly power)...
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consumer surplus. We relate our findings to competition cases in digital markets. …
Persistent link: https://www.econbiz.de/10012500215
This paper discusses the relation between trade and competition, revising the literature and using indicators, build … domestic competition is explained by concentration indices, such as CR4 and HHI, which show positive correlation with profit … evaluating trade and competition policies in the context of the Brazilian economy. …
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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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We examine electricity market reform in Brazil: from the 1990s till 2004 the largely hydro-powered market cleared using a market mechanism, and in March 2004 reformed to a single buyer structure. We model monthly log price differences using a two-state Markov Switching model, allowing water...
Persistent link: https://www.econbiz.de/10012059460
This paper examines how optimal renewable energy (RE) support (RES) policies need to be adjusted to account for carbon prices. We show theoretically and empirically that changing carbon prices requires adjusting RE production subsidies due to two different motives: First, RE premiums need to be...
Persistent link: https://www.econbiz.de/10012534624