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Cartel duration and endogenous private monitoring and communication : an instrumental variables approach

Zhou, Jun - 2012

Colluding firms often exchange private information and make transfers within the cartels based on the information. Estimating the impact of such collusive practices" - known as the 'lysine strategy profile (LSP)" - on cartel duration is difficult because of endogeneity and omitted variable bias....

Persistent link: https://www.econbiz.de/10009571067

Portfolio considerations in differentiated product purchases : an application to the Japanese automobile market

Wakamori, Naoki - 2015

Consumers often purchase more than one differentiated product, assembling a portfolio, which might potentially affect substitution patterns of demand and, as a consequence, oligopolistic firms' pricing strategies. To study such consumers' portfolio considerations, this paper develops and...

Persistent link: https://www.econbiz.de/10010530595

The effect of public policies on consumers' preferences : lessons from the French automobile market

D'Haultfœuille, Xavier; Durrmeyer, Isis; Février, Philippe - 2013

In this paper, we investigate whether French consumers have modified their preferences towards environmentally-friendly vehicles between 2003 and 2008. We estimate a model of demand for automobiles incorporating both consumers' heterogeneity and CO2 emissions of the vehicles. Our results show...

Persistent link: https://www.econbiz.de/10010199007

Carbon leakage : grandfathering as an incentive device to avert relocation

Schmidt, Robert C. - 2009

Emission allowances are often distributed for free in an early phase of a cap-and-trade scheme (grandfathering) to reduce adverse effects on the profitability of firms. If the grandfathering scheme is phased out over time, firms may nevertheless relocate to countries with a lower carbon price...

Persistent link: https://www.econbiz.de/10003935671

An empirical assessment of the 2004 EU merger policy reform

Duso, Tomaso; Gugler, Klaus; Szücs, Florian - 2010

Based on a database of 326 merger cases scrutinized by the European Commission between 1990 and 2007, we evaluate the economic impact of the change in European merger legislation in 2004. We first propose a general framework to assess merger policy effectiveness, which is based on standard...

Persistent link: https://www.econbiz.de/10008822615

Exploring the opaqueness of the patent system : evidence from a natural experiment

Harhoff, Dietmar; Stoll, Sebastian - 2015

One of the objectives of patent systems is to disclose information which other agents can build on in further inventions and in their decision-making. While some observers take it as given that real-world patent systems serve this objective, we argue in this article that patent systems are...

Persistent link: https://www.econbiz.de/10010516621

Does anonymity matter in electronic limit order markets?

Foucault, Thierry; Moinas, Sophie; Theissen, Erik - 2004 - This Draft: May, 2004

We develop a model of limit order trading in which some traders have better information on future price volatility. As limit orders have option-like features, this information is valuable for limit order traders. We solve for informed and uninformed limit order traders' bidding strategies in...

Persistent link: https://www.econbiz.de/10010361995

Fiscal rules and fiscal performance in the EU and Japan

Hagen, Jürgen von - 2006

such rules in Japan and in the EU. Comparing the performance of fiscal policy in the 1980s and 1990s until 2003, we find … rule of the Maastricht Treaty had a significant impact on political budget cycles in the EU, but did little to constrain … fiscal rule in the EU has vanished. Next, we discuss the importance of budgetary institutions for the effectiveness of fiscal …

Persistent link: https://www.econbiz.de/10010374865

Effectiveness of bailouts in the EU

Glowicka, Ela - 2006

Governments in the EU frequently bail out firms in distress by granting state aid. I use data from 86 cases during the …

Persistent link: https://www.econbiz.de/10010383040

Bailouts in a common market : a strategic approach

Glowicka, Ela - 2005

Governments in the EU grant Rescue and Restructure Subsidies to bail out ailing firms. In an international asymmetric …

Persistent link: https://www.econbiz.de/10010383044