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Vertical Structure and the Risk of Rent Extraction in the Electricity Industry
Boom, Anette; Buehler, Stefan - 2018
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
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Emission taxes, feed-in subsidies and the investment in a clean technology by a polluting monopoly
García-Alaminos, Ángela; Rubio, Santiago J. - 2019
output but does not affect the total output. On the other hand, the subsidy leads to the monopoly to reduce the dirty output …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 …
Persistent link: https://www.econbiz.de/10012028355
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Restructuring Electricity Markets when Demand is Uncertain: Effects on Capacity Investments, Prices and Welfare
Buehler, Stefan; Boom, Anette - 2006
demand is uncer- tain. We study the following market configurations: (i) integrated monopoly, (ii) integrated duopoly with …
Persistent link: https://www.econbiz.de/10012142329
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Real-time Pricing in Power Markets: Who Gains?
Boom, Anette; Schwenen, Sebastian - 2013
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
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Restructuring the Electricity Industry: Vertical Structure and the Risk of Rent Extraction
Boom, Anette; Buehler, Stefan - 2014
industry. Allowing for uncertain demand, we compare three market configurations: (i) integrated monopoly, (ii) integrated …
Persistent link: https://www.econbiz.de/10012142377
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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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Collusive agreements in vertically differentiated markets
Marini, Marco A. - 2017
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
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Marketing via friends : strategic diffusion of information in social networks with homophily
Čugaj, Roman N. - 2010
networks ; Random graphs ; Monopoly ; Pricing strategy ; Product design ; Marketing ; Advertisement …
Persistent link: https://www.econbiz.de/10008737098
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Random encounters and information diffusion about product quality
Gabszewicz, Jean Jaskold; Marini, Marco; Zanaj, Skerdilajda - 2021
turn into a duopoly and monopoly prices may persist for several periods. Hence, the price-reducing trade effects may take …
Persistent link: https://www.econbiz.de/10012487598
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Bid Regulations in a Multi-unit Uniform Price Auction
Boom, Anette - 2016
This paper examines the effect of bid regulations on the range of potential equilibrium prices in a multi-unit uniform price auction with heterogenous bidders. General bid caps destroy equilibria with prices above the bid cap and create new equilibria with prices way below the cap. A cap only...
Persistent link: https://www.econbiz.de/10012142381