Similar Search Results

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

Market Power in the World Oil Market : Evidence for an OPEC Cartel and an Oligopolistic Non-OPEC Fringe

Lin Lawell, C.-Y. Cynthia - 2013

colluding as the dominant cartel producer and non-OPEC countries behaving as an oligopolistic fringe. The residual demand …

Persistent link: https://www.econbiz.de/10014155358

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

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

Time Lags in the Pass-Through of Crude-Oil Prices : Big Data Evidence from the German Gasoline Market

Frondel, Manuel - 2015

This article investigates the pass-through of global Brent oil notations to fuel prices across the oligopoly of retail majors in Germany. We assemble a high-frequency panel data set that encompasses millions of price observations and allows us to distinguish effects by brand. Upon establishing a...

Persistent link: https://www.econbiz.de/10013009930

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

Combining Climate and Energy Policies : Synergies or Antagonism? Modeling Interactions with Energy Efficiency Instruments

Lecuyer, Oskar - 2015

In addition to the already present Climate and Energy package, the European Union (EU) plans to include a binding target to reduce energy consumption. We analyze the rationales the EU invokes to justify such an overlapping and develop a minimal common framework to study interactions arising from...

Persistent link: https://www.econbiz.de/10013037288

Exploring the Potential for Energy Efficiency in Turkey

Tagliapietra, Simone - 2016

Energy efficiency is one of the key crossroads between energy, climate and economic issues. In fact, it represents one of the most cost effective ways to enhance security of energy supply, to reduce emissions of greenhouse gases and to enhance economic competitiveness at one fell swoop. This...

Persistent link: https://www.econbiz.de/10012997353

Negative Price Spikes at Power Markets : The Role of Energy Policy

Gerster, Andreas - 2016

In Germany, substantial drops in wholesale power prices have become a regular phenomenon. While such price drops have far-reaching implications for the functioning of the power market, their underlying determinants remain poorly understood. To fill this gap, we propose a Markov regime-switching...

Persistent link: https://www.econbiz.de/10014124138

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