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Cartel overcharges and the deterrent effect of EU competition law
Smuda, Florian - 2012
This paper examines cartel overcharges for the European market. Using a sample of 191 overcharge estimates and several … parametric and semi-parametric estimation procedures, the impact of different cartel characteristics and the market environment ….37 percent of the selling price and the average cartel duration is 8.35 years. Certain cartel characteristics and the geographic …
Persistent link: https://www.econbiz.de/10009572459
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Vertical bargaining and obfuscation
Reshidi, Edona - 2022 - Last updated: March 18, 2022
Manufacturers often engage in practices that impede consumer search. Examples include proliferating product varieties, imposing vertical informational restraints, and banning online sales to make it more difficult for consumers to compare prices. This paper models vertical bargaining over...
Persistent link: https://www.econbiz.de/10013169231
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Trade and market power in product and labor markets
MacKenzie, Gaelan - 2021 - Last updated: April 7, 2021
This paper studies the effects of endogenous firm-level market power in input and product markets on equilibrium prices and wages as well as the gains from trade using a general equilibrium model with heterogeneous firms. Firm-level prices and wages are functions of two endogenous distortions:...
Persistent link: https://www.econbiz.de/10012499508
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Markups and inflation in oligopolistic markets : evidence from wholesale price data
Alexander, Patrick; Han, Lu; Kryvtsov, Oleksiy; Tomlin, Ben - 2024 - Last updated: May 28, 2024
We study how the interaction of market power and nominal price rigidity influences inflation dynamics. We formulate a tractable model of oligopolistic competition and sticky prices and derive closed-form expressions for the pass-through of idiosyncratic and common cost shocks to firms' prices....
Persistent link: https://www.econbiz.de/10014562948
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The effect of regulatory scrutiny asymmetric cost pass-through in power wholesale and its end
Mokinski, Frieder; Wölfing, Nikolas - 2013
We find an asymmetric pass-through of European Emission Allowance (EUA) prices to wholesale electricity prices in Germany and show that this asymmetry has disappeared in response to a report on investigations by the competition authority. The asymmetric pricing pattern, however, was not detected...
Persistent link: https://www.econbiz.de/10009784017
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Beyond national economy-wide rebound effects : an applied general equilibrium analysis incorporating international spillover effects
Koesler, Simon; Swales, John Kim; Turner, Karen - 2014
This paper proposes that the national focus of energy ‘rebound’ studies should be extended to an international context in the presence of supra-national agreements such as EU 20-20-20. The potential for energy efficiency improvements in one nation to impact energy use in others means that...
Persistent link: https://www.econbiz.de/10010341814
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Modeling fluctuations in the global demand for commodities
Kilian, Lutz; Zhou, Xiaoqing - 2018
It is widely understood that the real price of globally traded commodities is determined by the forces of demand and supply. One of the main determinants of the real price of commodities is shifts in the demand for commodities associated with unexpected fluctuations in global real economic...
Persistent link: https://www.econbiz.de/10011781690
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Competition, collusion and spatial sales patterns : theory and evidence
Hunold, Matthias; Hüschelrath, Kai; Laitenberger, Ulrich; … - 2017
on average significantly lower in cartel years than in non-cartel years. …
Persistent link: https://www.econbiz.de/10011724001
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Competition, collusion and spatial sales patterns : theory and evidence
Hunold, Matthias; Hüschelrath, Kai; Laitenberger, Ulrich; … - 2017 - This version: December 31, 2017
on average significantly lower in cartel years than in non-cartel years. …
Persistent link: https://www.econbiz.de/10011778632
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Cross-border mergers and hollowing-out
Secrieru, Oana - 2009
The purpose of our paper is to examine the profitability and social desirability of both domestic and foreign mergers in a location-quantity competition model, where we allow for the possibility of hollowing-out of the target firm. We refer to hollowing-out as the situation where the target firm...
Persistent link: https://www.econbiz.de/10003933343