Showing 1 - 7 of 7
This paper is the first to assess operational and probabilistic externalities of oil extraction and transportation to Europe on the basis of a comprehensive evaluation of realistic future oil demand-supply scenarios, of the relative relevance of import routes, of the local specificities in terms...
Persistent link: https://www.econbiz.de/10013160215
In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the assumption that some firms collude and control both the range of variants for sale and their corresponding prices, likewise a multiproduct firm. We analyse whether pruning...
Persistent link: https://www.econbiz.de/10012997248
Globally about 800 million people live without electricity at home, over two thirds of which are in sub-Saharan Africa. Ending energy poverty is a key development priority because energy plays an enabling role for human wellbeing and economic activities. Planning electricity access...
Persistent link: https://www.econbiz.de/10013249088
This paper explores how social interactions among consumers shape markets. In a two-country model, consumers meet and exchange information about the quality of the goods. As information spreads, the demands evolve, affecting the prices and quantities manufactured by profit-maximizing firms. We...
Persistent link: https://www.econbiz.de/10013241098
We study the bilateral exchange of information in the context of linear quadratic games. An information structure is here represented by a non directed network, whose nodes are agents and whose links represent sharing agreements. We first study the equilibrium use of information in any given...
Persistent link: https://www.econbiz.de/10014157263
We reconsider the problem of cartel stability in a linear symmetric Cournot oligopoly by assuming that every coalition … of firms defecting from a cartel can choose its quantity before the remaining firms. We show that differently from Salant … et al. (1983) the only profitable cartel includes all firms in the industry. This result is shown to be robust to non …
Persistent link: https://www.econbiz.de/10009021728
complementarities. We apply this result to cartel formation in Bertrand oligopoly and in Shapley-Shubik (1977) strategic market games …
Persistent link: https://www.econbiz.de/10014128533