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Do Firms sell forward for Strategic Reasons? An Application to the Wholesale Market for Natural Gas
van Eijkel, Remco; Moraga, Jose Luis - 2010
Building on a model of the interaction of risk-averse frms that compete in forward and spot markets, we develop an empirical strategy to test whether oligopolistic frms use forward contracts for strategic motives, for risk-hedging, or for both. An increase in the number of players weakens the...
Persistent link: https://www.econbiz.de/10010325991
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Modelling Entrepreneurship
Bosma, Niels; de Wit, Gerrit; Carree, Martin - 2003
by both high entry and high exit rates. …
Persistent link: https://www.econbiz.de/10010324941
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Microeconomic Evidence of Creative Destruction in Industrial and Developing Countries
Bartelsman, Eric J.; Haltiwanger, John; Scarpetta, Stefano - 2004
time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all … market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly … similar across industrial countries, post entry performance differs markedly between Europe and the U.S., a potential …
Persistent link: https://www.econbiz.de/10010325332
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Do Auctions and Forced Divestitures increase Competition?
Soetevent, Adriaan R.; Haan, Marco A.; Heijnen, Pim - 2008
Where markets are insufficiently competitive, governments can intervene by auctioninglicenses to operate or by forcing divestitures. The Dutch government has doneexactly that, organizing auctions to redistribute tenancy rights for highway gasolinestations and forcing the divestiture of outlets...
Persistent link: https://www.econbiz.de/10010325890
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Do Auctions select Efficient Firms?
Janssen, Maarten C.W.; Karamychev, Vladimir A. - 2007
This paper considers a government auctioning off multiple licenses to firms who compete in a market after the auction. Firms have different costs, and cost efficiency is private information at the auction stage and the market competition stage. If only one license is auctioned, standard results...
Persistent link: https://www.econbiz.de/10010325294
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Network Asymmetries and Access Pricing in Cellular Telecommunications
Kocsis, Viktória - 2005
from different entry timing, i.e. a larger reputation for the incumbent and lower cost of servicing for the entrant as a …
Persistent link: https://www.econbiz.de/10010325422
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Going where the Ad leads you: On High Advertised Prices and Search where to buy
Janssen, Maarten C.W.; Non, Marielle C. - 2006
The search literature assumes that consumers know which firms sell products they are looking for, but are unaware of the particular variety and the prices at which each firm sells. In this paper, we consider the situation where consumers are uncertain whether a firm carries the product at all by...
Persistent link: https://www.econbiz.de/10010325578
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Capacity Choice under Uncertainty with Product Differentiation
Behrens, Christiaan; Lijesen, Mark - 2012
This article analyses the capacity-then-price game for a duopoly market. We add to the literature by explicitly taking product differentiation into account. We study the impact of capacity costs, demand uncertainty, and vertical and horizontal product differentiation on equilibrium capacities,...
Persistent link: https://www.econbiz.de/10010326472
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Domestic Market Power in the International Airline Industry
de Jong, G.; Behrens, C.L.; van Herk, H.; Verhoef, E.T. - 2013
We posit and empirically test the hypothesis that airlines are able to charge a fare premium in markets that originate in their domestic country relative to similar markets that originate in foreign countries. To this end, we focus on intercontinental one-stop air travel trips for which the...
Persistent link: https://www.econbiz.de/10011586734
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Mean and Bold?
Witte, Kristof De; Dijkgraaf, Elbert - 2007
The Dutch drinking water sector experienced two drastic changes over the last 10 years. Firstly, in 1997, the sector association started with a voluntary benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly, merger activity arose. This paper develops a tailored...
Persistent link: https://www.econbiz.de/10010325538