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measures on the hedging strategies. For motivation and application purposes hedging in electricity markets is chosen, because … to the German Electricity markets. …
Persistent link: https://www.econbiz.de/10011308402
-Austrian electricity market to investigate the relationship between electricity spot prices and generation failures. Differentiating … between strategic and non-strategic failures, we find a positive impact of prices on non-usable marginal generation capacity …In electricity day-ahead markets organized as uniform price auction, a small reduction in supply in times of high …
Persistent link: https://www.econbiz.de/10011419368
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 … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …
Persistent link: https://www.econbiz.de/10009751726
electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent …
Persistent link: https://www.econbiz.de/10011916675
, depicting the relationship between the firms’ pre-treatment export-sales ratio and their subsequent sales growth rate as a …
Persistent link: https://www.econbiz.de/10003319677
on sales of products new to the market and of imitation or significantly improved products of the firm. At first glance …-tech sectors, we argue, however, that external design may not affect the sales of market novelties as the “market news” may spill …This paper explores the contribution of design activities on product market performance of Belgian companies. While …
Persistent link: https://www.econbiz.de/10003893121
We use a unique private data set of about 340,000 invoice positions from 36 smaller and larger customers of German cement producers to study the value of such transaction data for an estimation of cartel damages. In particular, we investigate, first, how structural break analysis can be used to...
Persistent link: https://www.econbiz.de/10009550259
selected durables. Using data on the change of sales of firms that benefited from this measure and of those that did not over … on the change of firm sales which is consistent with theoretical predictions. -- Countercyclical fiscal policy …
Persistent link: https://www.econbiz.de/10009675307
This paper investigates whether transfer pricing of intrafirm sales within multinationals represents an important … directly the supposed tax response of intrafirm sales. The analysis shows a significantly negative impact of the local tax rate … on the size of balance sheet items, which reflect intrafirm sales. Thus, the results suggest that transfer pricing of …
Persistent link: https://www.econbiz.de/10003401051
manager-led firms are more active innovators : the share of sales based on new products is larger if firms' managers do not …
Persistent link: https://www.econbiz.de/10011446303