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The supply function equilibrium provides a game-theoretic model of strategic bidding in oligopolistic wholesale electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the number of firms in the market and their asymmetry....
Persistent link: https://www.econbiz.de/10013132898
market. Using detailed matched employer-employee data, we analyze how firm takeovers and product market competition are … ownership change, in particular when product market competition is weak. Further, increased competition reduces the gender wage …
Persistent link: https://www.econbiz.de/10014047752
industry and the role that globalization plays in that process. Using matched worker-firm data from Sweden, we find strong … may be significant gains from globalization that have not been identified in the past - globalization may improve the … the industry level or measures of domestic anti-competitive regulations and product market competition. In addition, we …
Persistent link: https://www.econbiz.de/10010320315
. We examine the effect of globalization on the occupational mix using detailed Swedish data that cover all firms and a …
Persistent link: https://www.econbiz.de/10014144843
market. Using detailed matched employer-employee data, we analyze how firm takeovers and product market competition are … ownership change, in particular when product market competition is weak. Further, increased competition reduces the gender wage …
Persistent link: https://www.econbiz.de/10010320130
We show theoretically that the poor can benefit from price changes induced by higher income inequality. As the number of poor in a society increases, or when the income difference between rich and poor increases, the market for products aimed towards the poor grows and such products become more...
Persistent link: https://www.econbiz.de/10013107248
market-based instruments. The process of financial deregulation is uniform across the countries. The path of money market …
Persistent link: https://www.econbiz.de/10010335629
We discuss the prospects for Chinese money market development and transition to market-based monetary policy operations based on a comparative historical analysis of the present Chinese situation and the development in 11 European countries from 1979 up to the launch of European Economic and...
Persistent link: https://www.econbiz.de/10010320150
We review the recent empirical research concerning market power on the Nordic wholesale market for electricity, Nord Pool. There is no evidence of blatant and systematic exploitation of system level market power on Nord Pool. However, generation companies seem from time to time able to take...
Persistent link: https://www.econbiz.de/10010320387
In centralized markets, producers submit detailed cost data to the day-ahead market, and the market operator decides how much should be produced in each plant. This differs from decentralized markets that rely on self-commitment and where producers send less detailed cost information to the...
Persistent link: https://www.econbiz.de/10012896677