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Cartel overcharges and the deterrent effect of EU competition law

Smuda, Florian - 2012

This paper examines cartel overcharges for the European market. Using a sample of 191 overcharge estimates and several … parametric and semi-parametric estimation procedures, the impact of different cartel characteristics and the market environment ….37 percent of the selling price and the average cartel duration is 8.35 years. Certain cartel characteristics and the geographic …

Persistent link: https://www.econbiz.de/10009572459

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

Estimating consumer damages in cartel cases

Laitenberger, Ulrich; Smuda, Florian - 2013

We use consumer panel data to calculate the damage suffered by German consumers due to a detergent cartel that was … the period from July 2004 until March 2005. Under the assumptions that the cartel-induced share on turnover is … representative for the entire cartel period and all affected markets, the overall consumer damage would even sum up to about 315 …

Persistent link: https://www.econbiz.de/10010128730

Innovation strategies of German firms : the effect of competition and intellectual property protection

Slivko, Olga - 2012

This article analyzes how the perceived effectiveness of intellectual property protection and competitive pressure affect firms' innovation strategy choices, concretely, whether to abstain from innovation, to introduce products that are known in the market but new to the firm (imitation) or to...

Persistent link: https://www.econbiz.de/10009686719

What drives WTP for energy efficiency when moving? : Evidence from a Germany-wide household survey

Kesternich, Martin - 2010

The political discussion on energy efficiency is focusing more and more on the building sector due to its susceptibility to potential market failures like the negative external pollution effects of CO2 emission. Using a discrete choice approach, this paper aims at deriving factors which increase...

Persistent link: https://www.econbiz.de/10008902231

Electricity market integration and the impact of unilateral policy reforms

Grossi, Luigi; Heim, Sven; Hüschelrath, Kai; Waterson, … - 2015

The harmonization and integration of separate national energy markets to an interconnected internal European market is a top priority of the European Commission. However, as energy policy largely remains subject to national sovereignty, a higher degree of integration can cause unilateral...

Persistent link: https://www.econbiz.de/10011374098

The effect of regulatory scrutiny asymmetric cost pass-through in power wholesale and its end

Mokinski, Frieder; Wölfing, Nikolas - 2013

We find an asymmetric pass-through of European Emission Allowance (EUA) prices to wholesale electricity prices in Germany and show that this asymmetry has disappeared in response to a report on investigations by the competition authority. The asymmetric pricing pattern, however, was not detected...

Persistent link: https://www.econbiz.de/10009784017

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

Price and income elasticities of residential energy demand in Germany

Schulte, Isabella; Heindl, Peter - 2016

We apply a quadratic expenditure system to estimate price and expenditure elasticities of residential energy demand (electricity and heating) in Germany. Using official expenditure data from 1993 to 2008, we estimate an expenditure elasticity for electricity of 0.3988 and of 0.4055 for space...

Persistent link: https://www.econbiz.de/10011503007

The effect of electricity taxation on the German manufacturing sector : a regression discontinuity approach

Flues, Florens; Lutz, Benjamin Johannes - 2015

Germany taxes electricity use since 1999. The government granted reduced rates to energy intensive firms in the industrial sector for addressing potentially adverse effects on firms' competitiveness. Firms that use more electricity than certain thresholds established by legislation, pay reduced...

Persistent link: https://www.econbiz.de/10010482088