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Persistent link: https://www.econbiz.de/10010707527
In this article, I analyze and compare the contributions of Dupuit and Walras on the natural monopoly of railroads … and Walras both concluded that railroads were better managed under the monopoly regime; however they drew upon different … perspectives. I argue that Dupuit was more pragmatic using the concept of “de facto monopoly” while Walras was more ideological …
Persistent link: https://www.econbiz.de/10011073245
This paper analyzes the interactions between vertical integration and (wholesale) spot, forward and retail markets in risk management. We develop an equilibrium model that fits electricity markets well. We point out that vertical integration and forward hedging are two separate levers for demand...
Persistent link: https://www.econbiz.de/10011073085
A firm chooses a price and the product information it discloses to a consumer whose tastes are privately known. We provide a necessary and sufficient condition on the match function for full disclosure to be the unique equilibrium outcome whatever the costs and prior beliefs about product and...
Persistent link: https://www.econbiz.de/10010733985
We study competition in two sided markets with common network externality rather than with the standard inter-group effects. This type of externality occurs when both groups benefit, possibly with different intensities, from an increase in the size of one group and from a decrease in the size of...
Persistent link: https://www.econbiz.de/10010707007
We study the deterministic optimization problem of a profit-maximizing firm which plans its sales/production schedule. The firm controls both its production and sales rates and knows the revenue associated to a given level of sales, as well as its production and storage costs. The revenue and...
Persistent link: https://www.econbiz.de/10010707796
The debate over a common European energy policy, its necessity and its establishment has been going on for a number of decades. The discussions have been recently brought back into the spotlight by the evolution of energy market fundamentals and the taking into account of environmental...
Persistent link: https://www.econbiz.de/10010905188
The purpose of this study is to use real options theory to answer the following question: Is it necessary, in France, to invest in new nuclear power units or should some of the existing units be decommissioned? The theoretical model developed establishes two price thresholds which determine...
Persistent link: https://www.econbiz.de/10010706628
Persistent link: https://www.econbiz.de/10010708904
Nous nous proposons d'appliquer une grille de lecture institutionnelle, sensible aux dimensions économiques du droit, aux dispositifs juridiques relatifs au secteur électrique et aux marchés publics, en particulier de la défense. Ces domaines ont en commun d'être fortement réglementés, de...
Persistent link: https://www.econbiz.de/10011073917