This paper analyzes price collusion in a repeated game with two submarkets; a standard and a premium quality segment …. Within this setting, we study four types of price-fixing agreement: (i) a segment-wide cartel in the premium submarket only …

Despite still being younger than a decade, the theory of multisided market has offered numerous valuable insights for …

Despite still being younger than a decade, the theory of multisided markets has offered numerous valuable insights for …

Upon discussion of price setting on electricity wholesale markets, many refer to the so-called merit order model …. Conventional wisdom holds that during most hours of the year, coal- or natural gas-fired power plants set the price on European … markets. In this context, this paper analyses price setting on European power markets. We use a fundamental electricity market …

characterized by a higher ex-ante unit price, a smaller number of suppliers, and purchased by a smaller number of public …