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. Where regulation is to correct an undersupply of quality by a monopolistic industry, if regulators do not cooperate and …rms …
Persistent link: https://www.econbiz.de/10005422997
behaviour and its regulation explicitly. The results show considerable asymmetry, with booms having proportionally larger …
Persistent link: https://www.econbiz.de/10011031840
We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … ask two questions: i) how does capital regulation affect (endogenous) entry; and ii) how do (exogenous) changes in the … competitive environment affect bank monitoring choices and the effectiveness of capital regulation? Our approach deviates from the …
Persistent link: https://www.econbiz.de/10005666421
Since 1979, when the first antidumping case against China was initiated by the European Union, the EU has lodged nearly 90 antidumping proceedings against China by the end of 2000. China by now, has become the country most accused of dumping by the EU. Most of the antidumping suits have led to...
Persistent link: https://www.econbiz.de/10005590802
This paper contains an analysis of stylised natural gas and electricity supply sectors. Power plants operate either on natural gas or on a competing fuel – e.g. oil. The competing fuel is assumed to be traded at world market price whereas natural gas is sold by a national monopoly. The paper...
Persistent link: https://www.econbiz.de/10011258577
The German decision to finally phase-out nuclear electricity has led to a debate on its effects on electricity prices, emission prices in the European emission trading system, as well as on international electricity trade. We investigate these effects with a Electricity market model for Europe...
Persistent link: https://www.econbiz.de/10010556954
The authors consider mechanisms of organizing auctions in the electricity market that are based on submitting bids of energy consumers and offers of energy producers to the market operator. The authors discuss and compare possible strategies of energy generators’ behavior that lead to...
Persistent link: https://www.econbiz.de/10010839410
Persistent link: https://www.econbiz.de/10004968637
Agent-based modelling is an attractive way of finding equilibria in complex problems involving strategic behaviour, particularly in electricity markets with transmission constraints. However, while it may be possible to demonstrate convergence of learning behaviour to a Nash equilibrium, that is...
Persistent link: https://www.econbiz.de/10010699802
In a real-time electric power auction, the bids of producers consist of committed supply as a function of price. The bids are submitted under uncertainty, before the demand by the Independent System Operator has been realized. In the Supply Function Equilibrium (SFE), every producer chooses the...
Persistent link: https://www.econbiz.de/10005771033