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Vertical differentiation and collusion : cannibalization or proliferation?
Gabszewicz, Jean Jaskold; Marini, Marco A.; Tarola, Ornella - 2016
In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the assumption that some firms collude and control both the range of variants for sale and their corresponding prices, likewise a multiproduct firm. We analyse whether pruning...
Persistent link: https://www.econbiz.de/10011451580
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Estimating vertical foreclosure in US gasoline supply
Aydemir, Zava (contributor); Bühler, Stefan (contributor) - 2002 - [Elektronische Ressource]
We examine the competitive effects of the vertical integration of gasoline refineries and retailers in the U.S. Adapting the first-order condition approach of static oligopoly games to the analysis of vertically related oligopolies, we develop a novel framework for directly evaluating the...
Persistent link: https://www.econbiz.de/10001729426
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Modelling the global price of oil : is there any role for the oil futures-spot spread?
Valenti, Daniele - 2018
In this work, we propose an analysis of the global market for crude oil based on a revised version of the Structural Vector Autoregressive (SVAR) model introduced by Kilian and Murphy (2014). On this respect, we replace the global proxy for above-ground crude oil inventories with the oil...
Persistent link: https://www.econbiz.de/10011794647
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Demand growth, entry and collusion sustainability
Capuano, Carlo - 2002
The purpose of this paper is to represent in which way a stable and no negligible growth in demand can affect the level of sustainability of collusion. For the European Commission this assumption is seen as a factor that disincentives collusion and pushes to a competitive behavior. This fact...
Persistent link: https://www.econbiz.de/10011597631
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Cartel sustainability and cartel stability
Escrihuela-Villar, Marc - 2004
The paper studies how does the size of a cartel affect the possibility that its members can sustain a collusive … agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this … result on the incentives of firms to participate in a cartel. Firms will be more willing to participate because otherwise …
Persistent link: https://www.econbiz.de/10011600408
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Multisided media markets : applying the theory of multisided markets to media markets
Lindstädt-Dreusicke, Nadine - 2009
Media markets recently have been identified as multisided markets. The application of the theory of multisided markets provides a better understanding of such markets. It enriched the hitherto economic approach and led to new insights and perspectives especially for the antitrust authorities...
Persistent link: https://www.econbiz.de/10003911979
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Collusion in quality-segmented markets
Bos, Iwan; Marini, Marco - 2020
. Within this setting, we study four types of price-fixing agreement: (i) a segment-wide cartel in the premium submarket only …, (ii) a segment-wide cartel in the standard submarket only, (iii) two segment-wide cartels, and (iv) an industrywide cartel …-wide cartel prefers to maintain market shares at pre-collusive levels. The impact on consumer and social welfare critically …
Persistent link: https://www.econbiz.de/10012306748
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Seemingly irrelevant factors and willingness to block polluting investments
Ajzenman, Nicolas; Balza, Lenin H.; Bejarano, Hernan; … - 2023
Using an online multi-country video-vignette survey experiment, we measure bias against extractive industries and foreign firms in individuals perceptions and preferences related to industrial projects with potential economic benefits and environmental costs. Individuals face a hypothetical...
Persistent link: https://www.econbiz.de/10014539005
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Absolute abundance and relative scarcity : announced policy, resource extraction, and carbon emissions
Di Maria, Corrado; Smulders, Sjak; Van der Werf, Edwin - 2008
We study the effectiveness of climate change policy in a model with multiple non-renewable resources that differ in their carbon content. We find that, when allowing some time between announcement and implementation of a cap on carbon dioxide emissions, emissions from non-renewable energy...
Persistent link: https://www.econbiz.de/10008799171
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An evaluation of overseas oil investment projects under uncertainty using a real options based simulation model
Zhu, Lei; Zhang, ZhongXiang; Fan, Ying - 2011
This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte Carlo simulation and is solved by the Least Squares Monte-Carlo method. To better reflect the reality of overseas oil investment, our model has incorporated not only the...
Persistent link: https://www.econbiz.de/10009379748