Showing 1 - 10 of 96
This paper studies how competition and vertical structure jointly determine generating capacities, retail prices, and welfare in the electricity industry. Analyzing a model in which demand is uncertain and retailers must commit to retail prices before they buy electricity in the wholesale...
Persistent link: https://www.econbiz.de/10012142389
The paper studies the use of emission taxes and feed-in subsidies for the regulation of a monopoly that can produce the … calculated solving a two-stage policy game between the regulator and the monopoly with the regulator acting as the leader of the … output but does not affect the total output. On the other hand, the subsidy leads to the monopoly to reduce the dirty output …
Persistent link: https://www.econbiz.de/10012028355
demand is uncer- tain. We study the following market configurations: (i) integrated monopoly, (ii) integrated duopoly with …
Persistent link: https://www.econbiz.de/10012142329
We examine welfare e ffects of real-time pricing in electricity markets. Before stochastic energy demand is known, competitive retailers contract with final consumers who exogenously do not have real-time meters. After demand is realized, two electricity generators compete in a uniform price...
Persistent link: https://www.econbiz.de/10012142375
industry. Allowing for uncertain demand, we compare three market configurations: (i) integrated monopoly, (ii) integrated …
Persistent link: https://www.econbiz.de/10012142377
networks ; Random graphs ; Monopoly ; Pricing strategy ; Product design ; Marketing ; Advertisement …
Persistent link: https://www.econbiz.de/10008737098
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
This paper introduces a number of game-theoretic tools to model collusive agreements among firms in vertically differentiated markets. I firstly review some classical literature on collusion between two firms producing goods of exogenous different qualities. I then extend the analysis to a...
Persistent link: https://www.econbiz.de/10011660599
shown that the importing countries cannot use a tariff to capture monopoly rents if they are constrained to use open …
Persistent link: https://www.econbiz.de/10011606959
, abatement effort made by the monopoly and social welfare comparing two alternative policy games. The first game assumes that the …
Persistent link: https://www.econbiz.de/10011547525