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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

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

Tacit Collusion in Electricity Markets with Uncertain Demand

Benjamin, Richard M. - 2014

In this paper we model wholesale electricity markets as infinitely repeated games played under demand uncertainty. We examine the uniform-price auction, showing that symmetric bidding at the price cap constitutes the optimal collusive equilibrium under both perfectly inelastic demand and demand...

Persistent link: https://www.econbiz.de/10014142540

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

Vertical Integration and Valuation of International Oil Companies

Misund, Bard - 2014

This paper studies financial statement information from the 50 largest international oil and gas companies during 1992 to 2011 and evaluates their relation to market values. In particular, we examine how this relationship is affected by accounting method choice (successful efforts versus full...

Persistent link: https://www.econbiz.de/10013045849

Electricity market integration and the impact of unilateral policy reforms

Grossi, Luigi; Heim, Sven; Hüschelrath, Kai; Waterson, … - 2015

The harmonization and integration of separate national energy markets to an interconnected internal European market is a top priority of the European Commission. However, as energy policy largely remains subject to national sovereignty, a higher degree of integration can cause unilateral...

Persistent link: https://www.econbiz.de/10011374098

Credit constraints, energy management practices, and investments in energy saving technologies : German manufacturing in close-up

Löschel, Andreas; Lutz, Benjamin Johannes; Massier, Philipp - 2017

We analyze the drivers and barriers that influence investments increasing the energy efficiency of firms' production processes or buildings in the German manufacturing sector based on microdata. In particular, we shed light on the relationship between financial barriers (e. g. credit...

Persistent link: https://www.econbiz.de/10011765007

Beyond national economy-wide rebound effects : an applied general equilibrium analysis incorporating international spillover effects

Koesler, Simon; Swales, John Kim; Turner, Karen - 2014

This paper proposes that the national focus of energy ‘rebound’ studies should be extended to an international context in the presence of supra-national agreements such as EU 20-20-20. The potential for energy efficiency improvements in one nation to impact energy use in others means that...

Persistent link: https://www.econbiz.de/10010341814

The Connectedness of Energy Transition Metals

Bastianin, Andrea; Casoli, Chiara; Galeotti, Marzio - 2023

We assess the degree of connectedness among 16 metals that are critical for the production of clean energy technologies. These commodities are the constituents of the Energy Transition Metals (ETMs) price index maintained by the International Monetary Fund and comprise base, precious, and minor...

Persistent link: https://www.econbiz.de/10014347032

Wie viele Wasserstoff-Kraftwerke erfordert dieEnergiewende und wie erhalten wir sie?

Löffler, Markus; Marquardt, Ralf-Michael - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 103 (2023) 10, pp. 689-697

Selbst wenn die ehrgeizigen Ausbauziele für die erneuerbaren Energien erreicht werden,zeigt die vorliegende Simulation, dass Deutschland 2045 rund 100 GW an Wasserstoff (H2)-Kraftwerken benötigen wird. Trotz des enormen Bedarfs, der von der Politik noch nichtgesehen wird, verläuft der Ausbau...

Persistent link: https://www.econbiz.de/10014391982