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The value of flexibility in the Italian water service sector : a real option analysis

D'Alpaos, Chiara; Moretto, Michele - 2004

We analyze the optimal investment strategy of a monopolist which has subscribed a concession contract to provide a public utility, i.e. water service. We present a strategic model in which a monopolist chooses both the timing of the investment and the capacity. We focus not only on the value of...

Persistent link: https://www.econbiz.de/10011607043

Screening adaptive cartels

Ortner, Juan; Chassang, Sylvain; Kawai, Kei; … - 2022

Persistent link: https://www.econbiz.de/10013412429

Must Trust Bust?

Møllgaard, Peter - 2002

economists’ trust in competition busted: Oligopolies carry the seeds of collusion. To develop, collusion needs trust between …

Persistent link: https://www.econbiz.de/10012142252

Exclusive dealing: the interaction between foreclosure and investment promotion

Fumagalli, Chiara; Motta, Massimo; Rønde, Thomas - 2009

This paper studies a model where exclusive dealing (ED) can both promote investment and foreclose a more efficient supplier. While investment promotion is usually regarded as a pro-competitive effect of ED, our paper shows that it may be the very reason why a contract that forecloses a more...

Persistent link: https://www.econbiz.de/10008840035

Facilitating collusion by exchanging non-verifiable sales reports

Spector, David - 2015

Persistent link: https://www.econbiz.de/10011302499

The deep-pocket effect of internal capital markets

Boutin, Xavier; Cestone, Giacinta; Fumagalli, Chiara; … - 2012

Persistent link: https://www.econbiz.de/10009719342

Formation of bargaining networks via link sharing

Priazhkina, Sofia; Page, Frank H. - 2014

This paper presents a model of collusive bargaining networks. Given a status quo network, game is played in two stages: in the first stage, pairs of sellers form the network by signing two-sided contracts that allow sellers to use connections of other sellers; in the second stage, sellers and...

Persistent link: https://www.econbiz.de/10010357983

The dynamics of leniency application and the knock-on effect of cartel enforcement

Zhou, Jun - 2016

of application in separate markets in which a conspirator in the investigated market also engaged in collusion. The …

Persistent link: https://www.econbiz.de/10011435719

Auction mechanisms and bidder collusion : bribes, signals and selection

Llorente-Saguer, Aniol; Zultan, Ro’i - 2014 - This version: November 20, 2014

The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of … neglects the effects of failed collusion attempts. In such contingencies, information revealed in the negotiation process is … collusion is possible, but negotiations often break down and information is revealed in an asymmetric way. The existing …

Persistent link: https://www.econbiz.de/10010472820

Incentives for price manipulation in emission permit markets with Stackelberg competition

Jarque Andrés, Francisco; Castro, Luis M. de - 2015

affected by tacit collusion or price manipulation when the corresponding polluting product market is oligopolistic. We analyze …

Persistent link: https://www.econbiz.de/10010476200