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Cross-border electricity transfers in the case of differentiated renewable energy sources : a simulation analysis for Germany and Spain
Coester, Andreas; Hofkes, Marjan W.; Papyrakis, Elissaios - 2022
Renewable electricity plays an increasingly important role in the effort to reduce CO2 emissions in the electricity sector. One of the major challenges that must be addressed is the fluctuating supply of renewable electricity. We explore the impact of cross-border electricity transfers on both...
Persistent link: https://www.econbiz.de/10013279908
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Expected utility and catastrophic risk
Ikefuji, Masako; Laeven, Roger; Magnus, Jan R.; Muris, Chris - 2014
An expected utility based cost-benefit analysis is in general fragile to its distributional assumptions. We derive necessary and sufficient conditions on the utility function of the expected utility model to avoid this. The conditions ensure that expected (marginal) utility remains finite also...
Persistent link: https://www.econbiz.de/10010412466
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Oligopolistic competition in price and quality
Dubovik, Andrei; Janssen, Maarten C. W. - 2008
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...
Persistent link: https://www.econbiz.de/10011376636
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State-aided price coordination in the dutch mortgage market
Dijkstra, Mark A.; Schinkel, Maarten-Pieter - 2019 - Revision: July 2019
This paper shows how price leadership bans imposed, as part of the European Commission's State aid control, on all main mortgage providers but the largest bank shifted the Dutch mortgage market from a competitive to a collusive price leadership equilibrium. In May 2009, mortgage rates in The...
Persistent link: https://www.econbiz.de/10011979609
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Substitution and complementary in aviation : airports vs. airlines
Pels, Eric; Nijkamp, Peter; Rietveld, Piet - 1997
Persistent link: https://www.econbiz.de/10000970305
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On the benefits of being alone : scheduling changes, intensity of competition and dynamic airline pricing
Kerkemezos, Yannis; Karreman, Bas - 2020
increase with the intensity of competition. We develop a new measure of competition for which we use the proximity (in … departure time) of a given flight to its competitors to infer the intensity of competition and estimate the impact of … competition on advance purchase discounts (APDs) and the dynamic pricing of airlines by exploiting plausibly exogenous changes in …
Persistent link: https://www.econbiz.de/10012251366
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Competition modulates buyers' reaction to sellers' cheap talk
Onderstal, Sander; Shalvi, Shaul; Soraperra, Ivan - 2023
-binding price requests. Using a laboratory experiment, we examine how competition moderates the way such cheap-talk communication … competition, although some of them become weaker. Our main findings are the following: (i) The ability of sellers to make non … bargaining and in competition; (ii) Competition reduces the informativeness of the price requests and weakens the anchoring …
Persistent link: https://www.econbiz.de/10014299618
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Pivotal suppliers and market power in experimental supply function competition
Brandts, Jordi; Reynolds, Stanley S.; Schram, Arthur - 2011
Persistent link: https://www.econbiz.de/10008857059
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Forecasting day-ahead electricity prices : utilizing hourly prices
Raviv, Eran; Bouwman, Kees E.; Dijk, Dick van - 2013
Persistent link: https://www.econbiz.de/10009765836
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Market structure and advance selling
Möller, Marc; Watanabe, Makoto - 2016
When products are sold in advance, i.e. prior to consumption, consumers trade off an early, uninformed purchase at a low price against a late, informed purchase at a high price. This paper considers the effect of market structure on the prevalence of advance selling. We show that in an...
Persistent link: https://www.econbiz.de/10011446893