In essence, this paper will try to decompose the concentration-profits relationship into separate concentration-price … due to cost effects and how much to price effects. The main conclusion is that, while price effects are not absent, the …

commodity taxation: market deregulation and technological change. When market deregulation facilitates price discrimination, we … differentiated product sector. Finally, we present conditions under which price discrimination is welfare improving …

this market have two strategic weapons at their disposal: (1) the price bid for each generation set and (2) the capacity of … rules governing the price determination process in this market, by the strategic use of capacity availability declarations … the two generators use to exercise market power. We then summarize the time series properties of the price of electricity …

. In U.S. import data, we find that U.S. importers have substantial market power and disproportionate leverage in price …

Some gasoline markets exhibit remarkable price cycles, where price spikes are followed by a string of small price … declines until the next price spike. This pattern is predicted from a model of competition driven by Edgeworth cycles, as …