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Do pay-as-bid auctions favor collusion? Evidence from Germany's market for reserve power
Heim, Sven; Götz, Georg - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive behavior in an environment with repeated auctions, pivotal...
Persistent link: https://www.econbiz.de/10010985633
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Market Power, Multimarket Contact and Pricing: Some Evidence from the US Automobile Market
Leheyda, Nina - 2008
firm behaviour, which could also facilitate collusion. In other words, it is difficult to argue whether coordination is due …
Persistent link: https://www.econbiz.de/10010298700
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Geographical and Multi-product Linkages of Markets: Impact on Firm Equilibrium Interactions (Some Evidence from the European Car Market)
Leheyda, Nina - 2008
This paper aims to study geographical and multi-product linkages of markets (multiple market presence) and firm behaviour interdependence as a result of such linkages existence. In particular, it attempts to answer whether the multimarket linkages lead to more cooperative behaviour among the...
Persistent link: https://www.econbiz.de/10010298701
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Forward trading and collusion in supply functions
Wölfing, Nikolas - 2019
This paper studies the effect of forward contracts on the stability of collusion among firms, competing in supply … functions on the spot market. A forward market can increase the range of discount factors which allow to sustain collusion. On … the contrary, collusion is destabilised when a potential deviator sells a significant amount forward. Results do not …
Persistent link: https://www.econbiz.de/10011969225
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Do pay-as-bid auctions favor collusion? Evidence from Germany's market for reserve power
Heim, Sven; Götz, Georg - 2013
We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive behavior in an environment with repeated auctions, pivotal...
Persistent link: https://www.econbiz.de/10010313122
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Market Power, Multimarket Contact and Pricing: Some Evidence from the US Automobile Market
Leheyda, Nina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008
firm behaviour, which could also facilitate collusion. In other words, it is difficult to argue whether coordination is due …
Persistent link: https://www.econbiz.de/10005098097
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Geographical and Multi-product Linkages of Markets: Impact on Firm Equilibrium Interactions (Some Evidence from the European Car Market)
Leheyda, Nina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008
This paper aims to study geographical and multi-product linkages of markets (multiple market presence) and firm behaviour interdependence as a result of such linkages existence. In particular, it attempts to answer whether the multimarket linkages lead to more cooperative behaviour among the...
Persistent link: https://www.econbiz.de/10005098329
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Who should pay for certification?
Stahl, Konrad; Strausz, Roland - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device,...
Persistent link: https://www.econbiz.de/10009283658
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Money and privacy: Android market evidence
Kummer, Michael; Schulte, Patrick - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
We study the role of privacy in the market for mobile applications. For such programs used with smartphones and tablet PCs a very important market has emerged. Yet, neither the role of privacy on that market is well understood, nor do we have empirical evidence regarding its role therein. We...
Persistent link: https://www.econbiz.de/10011139788
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The value of disclosing IPR to open standard setting organizations
Hussinger, Katrin; Schwiebacher, Franz - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
Open standard-setting organizations (SSOs) have emerged as important coordination and diffusion mechanism for information and communication technologies. Open standards are developed non-discriminatorily and licensed to anybody at reasonable and non-discriminatory terms. Little is known about...
Persistent link: https://www.econbiz.de/10010957733