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Options, Futures, and Other Derivatives in Russia: An Overview
Rotfuß, Waldemar - 2007
exchange-traded and over-the-counter-traded derivatives in Russia show that the Russian derivatives markets experienced …-traded derivatives in Russia rose from 2000 to 2006 on average 168 percent per year and reached a total turnover of EUR 102 billion in … Russia. Turnover of exchange-traded derivatives on interest rates, bonds or even commodities represent only a very small …
Persistent link: https://www.econbiz.de/10010297949
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To raise or not to raise? Impact assessment of Russia's incremental gas price reform
Heyndrickx, Christophe; Alexeeva-Talebi, Victoria; … - 2012
The growing momentum for gas price liberalization in Russia is increasingly constrained by fears of potentially strong … liberalization can bring Russia on a substantially more sustainable path. The potential to foster adoption of energy efficiency …
Persistent link: https://www.econbiz.de/10010309807
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Skill composition and regional entrepreneurship: a comparative study between Germany and Portugal
Mendonça, Joana; Grimpe, Christoph - 2009
The question whether agglomeration externalities arise either from specialization or diversification of economic activity has since long been a major topic in the analysis of factors determining economic growth. In this paper we analyze whether a more specialized or a more diverse skill...
Persistent link: https://www.econbiz.de/10010299472
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Vertical integration, separation and non-price discrimination: An empirical analysis of German electricity markets for residential customers
Nikogosian, Vigen; Veith, Tobias - 2011
The literature on vertical integration in markets with regulated upstream prices suggests that the integrated upstream firm might engage in non-price discrimination. Several studies provide policy recommendations derived either from case study approaches or based on theoretical modeling which...
Persistent link: https://www.econbiz.de/10010307833
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Unbundling, regulation and pricing: Evidence from electricity distribution
Heim, Sven; Krieger, Bastian; Liebensteiner, Mario - 2018
Unbundling of vertically integrated utilities has become an integral element in the regulation of network industries and has been implemented in many jurisdictions. The idea of separating the network, as the natural monopoly, from downstream retailing, which may be exposed to competition, is...
Persistent link: https://www.econbiz.de/10011933949
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Mandated data-sharing in hybrid marketplaces
Navarra, Federico; Pino, Flavio; Sandrini, Luca - 2024
We study a hybrid marketplace where a vertically integrated platform competes with a seller in a horizontally differentiated downstream market. The platform has a data advantage and can price discriminate consumers, whereas the seller cannot. Our analysis shows that, by properly setting the...
Persistent link: https://www.econbiz.de/10014633243
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Sharing is not caring: Backward integration of consumers
Spindler, Christian; Woll, Oliver; Schober, Dominik - 2018
A new type of player occurs in the sharing economy: a vertically integrated consumer who owns production facilities and has direct market access, often termed "active prosumer". The prosumer faces a trade-off between market transaction cost and substantial strategic potential to influence both...
Persistent link: https://www.econbiz.de/10011790667
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Forward integration and market entry: Evidence from natural gas markets for household customers in Germany
Nikogosian, Vigen; Weigand, Jürgen - 2012
Due to potential abuse of the market power at wholesale and retail market level for natural gas the Federal Cartel Office in Germany prohibited further forward integration of gas importing firms with retail incumbents from 2005/2006 to 2010. The Authority argued that the very few dominant gas...
Persistent link: https://www.econbiz.de/10010310689
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Backwards integration and strategic delegation
Hunold, Matthias; Röller, Lars-Hendrik; Stahl, Konrad - 2012
We analyze the effects of downstream firms' acquisition of pure cash flow rights in an efficient upstream supplier when all firms compete in prices. With an acquisition, downstream firms internalize the effects of their actions on their rivals' sales. Double marginalization is enhanced. Whereas...
Persistent link: https://www.econbiz.de/10010308299
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Vertical integration, separation and non-price discrimination: An empirical analysis of German electricity markets for residential customers
Nikogosian, Vigen; Veith, Tobias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
The literature on vertical integration in markets with regulated upstream prices suggests that the integrated upstream firm might engage in non-price discrimination. Several studies provide policy recommendations derived either from case study approaches or based on theoretical modeling which...
Persistent link: https://www.econbiz.de/10009646603