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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

The External Cost of European Crude Oil Imports

Bigano, Andrea - 2009

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

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

M-LED : Multi-sectoral Latent Electricity Demand Assessment for Energy Access Planning

Falchetta, Giacomo; Stevanato, Nicolò; Moner-Girona, Magda - 2021

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

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

Energy shocks in the Euro area : disentangling the pass-through from oil and gas prices to inflation

Casoli, Chiara; Manera, Matteo; Valenti, Daniele - 2022

We develop a Bayesian Structural VAR (SVAR) model to study the relationship between different kinds of energy shocks and inflation dynamics in Europe. Specifically, we include in our specification two separate energy markets (oil and natural gas) and two target macroeconomic variables, measuring...

Persistent link: https://www.econbiz.de/10014264861

Random Encounters and Information Diffusion about Product Quality

Gabszewicz, Jean J.; Marini, Marco A.; Zanaj, Skerdilajda - 2021

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

Is Environmentalism the Right Strategy to Decarbonize the World?

Marini, Marco A.; Tarola, Ornella; Thisse, Jacques-François - 2020

We study how the supply of environmentalism, which is defined by psychic benefits (costs) associated with the purchase of high-environmental (low-environmental) qualities, affects the way firms choose their products and the ensuing consequences for the global level of pollution. Contrary to...

Persistent link: https://www.econbiz.de/10014089885

Myopic Oligopoly Pricing

Bos, Iwan; Marini, Marco A.; Saulle, Riccardo - 2022

This paper examines capacity-constrained oligopoly pricing with sellers who seek myopic improvements. We employ the Myopic Stable Set solution concept and establish the existence ofa unique pure-strategy price solution for any given level of capacity. This solution is shown tocoincide with the...

Persistent link: https://www.econbiz.de/10013308146