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Do pay-as-bid auctions favor collusion? : evidence from Germany’s market for reserve power

Heim, Sven; Goetz, 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/10009751726

Beyond national economy-wide rebound effects : an applied general equilibrium analysis incorporating international spillover effects

Koesler, Simon; Swales, John Kim; Turner, Karen - 2014

This paper proposes that the national focus of energy ‘rebound’ studies should be extended to an international context in the presence of supra-national agreements such as EU 20-20-20. The potential for energy efficiency improvements in one nation to impact energy use in others means that...

Persistent link: https://www.econbiz.de/10010341814

Rent sharing to control non-cartel supply in the German cement market

Harrington, Joseph Emmett; Hüschelrath, Kai; … - 2016

A challenge for many cartels is avoiding a destabilizing increase in non-cartel supply in response to having raised … price. In the case of the German cement cartel that operated over 1991-2002, the primary source of non-cartel supply was … imports from Eastern European cement manufacturers. Industry sources have claimed that the cartel sought to control imports by …

Persistent link: https://www.econbiz.de/10011443774

The discontent cartel member and cartel collapse : the case of the German cement cartel

Harrington, Joseph Emmett; Hüschelrath, Kai; … - 2014

We hypothesize a particular source of cartel instability and explore its relevance to understanding cartel dynamics …. The cartel instability is rooted in the observation that, upon cartel formation, the relative positions of firms are often … fixed which may lead some growthconscious members to be discontent. This incongruity between a cartel member’s allocated …

Persistent link: https://www.econbiz.de/10010424815

Competition, collusion and spatial sales patterns : theory and evidence

Hunold, Matthias; Hüschelrath, Kai; Laitenberger, Ulrich; … - 2017

on average significantly lower in cartel years than in non-cartel years. …

Persistent link: https://www.econbiz.de/10011724001

Competition, collusion and spatial sales patterns : theory and evidence

Hunold, Matthias; Hüschelrath, Kai; Laitenberger, Ulrich; … - 2017 - This version: December 31, 2017

on average significantly lower in cartel years than in non-cartel years. …

Persistent link: https://www.econbiz.de/10011778632

Giving away the game? : The impact of the disclosure effect on the patenting decision

Heger, Diana; Zaby, Alexandra K. - 2012

This article explores the propensity to patent in the light of the disclosure effect. Unlike earlier approaches concerned with the patenting decision, we take into account that a disclosure effect may decrease the merits of patenting by facilitating inventing around the patent for competitors....

Persistent link: https://www.econbiz.de/10009509671

Ownership and control in a competitive industry

Karle, Heiko; Klein, Tobias J.; Stahl, Konrad - 2011

We study a differentiated product market in which an investor initially owns a controlling stake in one of two competing firms and may acquire a non-controlling or a controlling stake in a competitor, either directly using her own assets, or indirectly via the controlled firm. While industry...

Persistent link: https://www.econbiz.de/10009424133

Strategic pricing, market entry and competition : evidence from German electricity submarkets

Nikogosian, Vigen; Veith, Tobias - 2011

In German electricity submarkets for residential customers standard contracts offered by former monopolists are the more costly option for customers who have not switched to an alternative contract yet. As most German households are served with this contract type we follow the Limit Pricing...

Persistent link: https://www.econbiz.de/10009424152

Strategic timing of entry : evidence from video games

Engelstätter, Benjamin; Ward, Michael R. - 2013

This paper investigates how video game publishers’ choice of game release date is affected by the expected level of competition within the game’s product niche. We identify game niches by genre, age-appropriateness, a four week window cohort, publisher and console system. Our analysis is...

Persistent link: https://www.econbiz.de/10010229641