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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

Is There Really a Green Paradox?

van der Ploeg, Rick; 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

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

van Veldhuizen, Roel; 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

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

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

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

Efficiency and Collusion Neutrality of Solutions for Cooperative TU-Games

van den Brink, René - 2009

Three well-known solutions for cooperative TU-games are the Shapley value, the Banzhaf value and the equal division solution. In the literature various axiomatizations of these solutions can be found. Axiomatizations of the Shapley value often use efficiency which is not satisfied by the Banzhaf...

Persistent link: https://www.econbiz.de/10014206096

R&D Cooperatives and Market Collusion : A Global Dynamic Approach

Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian - 2016

We present a continuous-time generalization of the seminal R&D model of d’Aspremont and Jacquemin ('American Economic Review', 1988) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product market collusion. We...

Persistent link: https://www.econbiz.de/10014126598

Screening for Collusion : A Spatial Statistics Approach

Heijnen, Pim; Haan, Marco A.; 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

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