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Collusive Agreements in Vertically Differentiated Markets
Marini, Marco A. - 2017
This paper introduces a number of game-theoretic tools to model collusive agreements among firms in vertically differentiated markets. I firstly review some classical literature on collusion between two firms producing goods of exogenous different qualities. I then extend the analysis to a...
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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Optimal Emission Tax with Endogenous Location Choice of Duopolistic Firms
Ikefuji, Masako; Itaya, Jun-ichi; Okamura, Makoto - 2010
This paper explores optimal environmental tax policy under which duopoly firms strategically choose the location of their plants in a simple three-stage game. We examine how the relationship between the optimal emission tax and the choice of location of duopoly firms affects the welfare of the...
Persistent link: https://www.econbiz.de/10014197712
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Environmental Quality in a Differentiated Duopoly
Farzin, Y. Hossein; Akao, Ken-Ichi - 2014
In a duopoly industry with environmentally differentiated products, we examine the effects of introducing a mandatory environmental quality standard on firms' environmental quality choices, profits, and the average environmental quality offered by the industry. We show that at low standards,...
Persistent link: https://www.econbiz.de/10014054576
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Incentives for Price Manipulation in Emission Permit Markets with Stackelberg Competition
André, Francisco J. - 2015
It has been shown in prior research that cost effectiveness in the competitive emissions permit market could be affected by tacit collusion or price manipulation when the corresponding polluting product market is oligopolistic. We analyze these cross market links using a Stackelberg model to...
Persistent link: https://www.econbiz.de/10013028894
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Privatization and Efficiency : From Principals and Agents to Political Economy
Cavaliere, Alberto - 2006
We survey the theoretical literature on privatization and efficiency by tracing its evolution from the applications of … incomplete information to address privatization issues, comparing State Owned Entreprises (SOEs) with private regulated firms …. The benefits of privatization may either derive from the constraints it places on malevolent agents or to the …
Persistent link: https://www.econbiz.de/10012733299
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Capital Structure and Regulation : Does Ownership Matter?
Bortolotti, Bernardo; Cambini, Carlo; Rondi, Laura; … - 2014
We construct a comprehensive panel data of 96 publicly traded European utilities over the period 1994-2005 in order to study the relationship between the capital structure of regulated firms, regulated prices, and investments, and examine if and how this interaction is affected by ownership...
Persistent link: https://www.econbiz.de/10014223408
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Privatization in Western Europe : Stylized Facts, Outcomes, and Open Issues
Bortolotti, Bernardo; Milella, Valentina - 2007
Privatization has certainly been one of the main events of the economic and financial history of the 20th century …. Between 1997 and 2004 more than 4,000 privatization operations were carried out in the world, bringing to governments revenues … factors. This paper investigates the causes of this process, summarizes the main trends of privatization activity at the …
Persistent link: https://www.econbiz.de/10014055328
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Privatisation Methods and Economic Growth in Transition Economies
Estrin, Saul; Bennett, John; Urga, Giovanni; Maw, James W. - 2004
We investigate the impact of differences in privatisation method on national economic performance in transition economies. Our approach is to estimate, using dynamic panel data methods, a growth equation over 23 countries for the period 1990-2001. Among our results, we find that mass...
Persistent link: https://www.econbiz.de/10014070511
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The Missing Shock : The Macroeconomic Impact of British Privatisation
Florio, Massimo; Grasseni, Mara - 2005
The privatisation policy pursued in the UK by Mrs Thatcher's government (1979-1990) and subsequently by Mr Major's government (1990-1997) was the largest experiment in public divestitures among capitalist economies. It had a deep impact on economic policy-making world wide, and was vastly...
Persistent link: https://www.econbiz.de/10014075046