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van der Ploeg, Frederick; Withagen, Cees - 2010

Optimal climate policy is studied in a Ramsey growth model with exhaustible oil reserves, an infinitelyelastic supply of renewables, stock-dependent oil extraction costs and convex climate damages. Weconcentrate on economies with an initial capital stock below that of the steady state of the...

Persistent link: https://www.econbiz.de/10010325848

Nonrenewable Resources, Strategic Behavior and the Hotelling Rule : An Experiment

Veldhuizen, Roel van; Sonnemans, Joep - 2014

This study uses the methods of experimental economics to investigate possible causes for the failure of the Hotelling rule for nonrenewable resources. We argue that as long as resource stocks are high enough, producers may choose to (partially) ignore the dynamic component of their production...

Persistent link: https://www.econbiz.de/10014186740

Is There Really a Green Paradox?

Ploeg, Frederick van der; Withagen, Cees - 2015

The Green Paradox states that, in the absence of a tax on CO2 emissions, subsidizing a renewable backstop such as solar or wind energy brings forward the date at which fossil fuels become exhausted and consequently global warming is aggravated. We shed light on this issue by solving a model of...

Persistent link: https://www.econbiz.de/10014198032

Maximal Cartel Pricing and Leniency Programs

Houba, Harold; Motchenkova, Evgenia; Wen, Quan - 2008

antitrust regulation on the endogenous maximal-sustainable cartel price. This impact depends upon industry characteristics … including its cartel culture. Our analysis disentangles the effects of traditional antitrust regulation and the leniency program …

Persistent link: https://www.econbiz.de/10010325912

Screening for Collusion : A Spatial Statistics Approach

Heijnen, Pim; Haan, Marco; Soetevent, Adriaan R. - 2012

We develop a method to screen for local cartels. We first test whether there is statistical evidence of clustering of outlets that score high on some characteristic that is consistent with collusive behavior. If so, we determine in a second step the most suspicious regions where further...

Persistent link: https://www.econbiz.de/10014040653

The Effects of Leniency on Maximal Cartel Pricing

Houba, Harold; Motchenkova, Evgenia; Wen, Quan - 2009

We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to … collusion. We introduce cartel culture that describes how likely cartels persist after each conviction. Our analysis … disentangles the effects of traditional antitrust regulation, leniency, and cartel strategies. Without rewards to the strictly …

Persistent link: https://www.econbiz.de/10014203713

The Pro-Collusive Effect of Increasing the Repose Period for Price Fixing Agreements

Hinloopen, Jeroen - 2006

policy enforcement. This paper proofs this intuition wrong. As extending the repose period reduces cartel members' defection …

Persistent link: https://www.econbiz.de/10014061187

Illinois Walls : How Barring Indirect Purchaser Suits Facilitates Collusion

Schinkel, Maarten-Pieter; Tuinstra, Jan; Rüggeberg, Jakob - 2011

firms are passed part of the upstream cartel profits through a symmetric rationing of their inputs at low prices. This … to be resilient to entry, as well as to variations in the legal system. Several recent U.S. cartel cases display Illinois …

Persistent link: https://www.econbiz.de/10014064647

Tracing the Base : A Topographic Test for Collusive Basing-Point Pricing

Schinkel, Maarten Pieter - 2011

screen with a software. The test is hard to beat for cartels using this otherwise elusive form of price-fixing. When a cartel …

Persistent link: https://www.econbiz.de/10012714018

Nonrenewable Resources, Strategic Behavior and the Hotelling Rule: An Experiment

van Veldhuizen, Roel; Sonnemans, Joep - 2011

Persistent link: https://www.econbiz.de/10010325825