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Collusive Agreements in Vertically Differentiated Markets
Marini, Marco A. - 2017
proliferating their products. It is shown that a selective pruning within the cartel always occurs. Moreover, by associating a … cooperative (or coalitional) stability of the whole industry cartel is the equidistance of firms' products along the quality …
Persistent link: https://www.econbiz.de/10012954129
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Vertical Differentiation and Collusion : Cannibalization or Proliferation?
Gabszewicz, Jean J. - 2016
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
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Price competition and market structure : the impact of cartel policy on concentration in the UK
Symeonidis, George - In: The journal of industrial economics 48 (2000) 1, pp. 1-26
Persistent link: https://www.econbiz.de/10001455395
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Collusion in Quality-Segmented Markets
Bos, Iwan; Marini, Marco A. - 2021
. Within this setting, we study four types of price- xing agreement: (i) a segment-wide cartel in the premium submarket only …, (ii) a segment-wide cartel in the standard submarket only, (iii) two segment-wide cartels, and (iv) an industry …-wide cartel. We present a complete characterization of the collusive pricing equilibrium and examine the corresponding effect on …
Persistent link: https://www.econbiz.de/10013251142
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Can Uncertainty Justify Overlapping Policy Instruments to Mitigate Emissions?
Lecuyer, Oskar - 2013
This article constitutes a new contribution to the analysis of overlapping instruments to cover the same emission sources. Using both an analytical and a numerical model, we show that when the risk that the CO2 price drops to zero and the political unavailability of a CO2 tax (at least in the...
Persistent link: https://www.econbiz.de/10013089296
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An Evaluation of Overseas Oil Investment Projects Under Uncertainty Using a Real Options Based Simulation Model
Zhu, Lei - 2013
This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte Carlo simulation and is solved by the Least Squares Monte-Carlo method. To better reflect the reality of overseas oil investment, our model has incorporated not only the...
Persistent link: https://www.econbiz.de/10013091780
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On the Economic Determinants of Oil Production - Theoretical Analysis and Empirical Evidence for Small Exporting Countries
Cologni, Alessandro - 2013
In this paper, decisions regarding production in oil exporting countries are studied by means of theoretical analysis and empirical investigation. Under the assumptions of exogenous oil prices and world oil demand, we are able to describe the relationship between oil production levels and...
Persistent link: https://www.econbiz.de/10013092650
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Including System Integration of Variable Renewable Energies in a Constant Elasticity of Substitution Framework : The Case of the WITCH Model
Carrara, Samuel - 2016
The penetration of Variable Renewable Energies (VREs) in the electricity mix poses serious challenges in terms of management of the electrical grids, as the associated variability and non-dispatchability are in contrast with the requirement that the load be instantaneously equalized by the...
Persistent link: https://www.econbiz.de/10013001025
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Optimal Clean Energy R&D Investments Under Uncertainty
Marangoni, Giacomo - 2017
The availability of technology plays a major role in the feasibility and costs of climate policy. Nonetheless, technological change is highly uncertain and capital intensive, requiring risky efforts in research and development of clean energy technologies. In this paper, we introduce a two-track...
Persistent link: https://www.econbiz.de/10012959233
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Energy Efficiency Policy with Price-Quality Discrimination
Nauleau, Marie-Laure - 2015
We compare a range of energy efficiency policies in a durable good market subject to both energy-use externalities and price-quality discrimination by a monopolist. We find that the social optimum can be achieved with differentiated subsidies. With ad valorem subsidies, the subsidization of the...
Persistent link: https://www.econbiz.de/10013023954