This paper uses a new model of a competitive electricity market to investigate the role of storage in markets dominated by hydro generation. Competition among generators leads to an endogenous shadow price of stored water, which facilitates the efficient intra-day and inter-season substitution...

We investigate efficiency properties of binary ecolabels in a homogeneous good market with heterogeneous consumers. Faced with the minimum technology standard, firms make endogenous entry, certification, and price/quantity decisions. We consider both perfect and imperfect competition with or...

The aim of this report is to identify the possible effect of covering the highway A1 at Saint-Denis (near Paris) on housing prices. This covering induces a notable reduction of the noise nuisance and an improvement of the urban environment. In order to measure the effects from covering, we have...

We analyze a game with N farmers that extract groundwater from a common aquifer of small storage capacity. Our aim is to compare the socially optimal, myopic and feedback extraction strategies, the latter arising from competitive interaction between extracting agents. Our extension to existing...

This paper presents research results based on data from two biomass producer surveys collected from mid Missouri and southern Illinois. A series of random parameter truncated regressions are utilized to analyze willingness to supply results under three price scenarios. Marginal effects suggest...

Este trabajo analiza estrategias de disuasión de entrada en una secuencia de subastas tipo inglesa, con venta de múltiples derechos de producción. Esto, motivado por intentos de entrada infructuosos observados en algunas de las subastas anuales de derechos de pesca ocurridas desde inicios de...

This paper analyzes entry deterrence strategies at sequential multi-unit English-type repeated auctions, based on entry deterrence observed at a series of yearly auctions of fishing rights occurring since the early 1990s in the Chilean sea bass fishery. It analyzes parametric configurations...

This paper analyzes entry deterrence strategies at sequential multi-unit English-type repeated auctions, motivated by entry deterrence observed at a series of yearly auctions of fishing rights occurring since the early 1990s in the Chilean Sea Bass industrial fishery. It analyzes parametric...

Este trabajo analiza la ocurrencia de disuasión de entrada, y la posibilidad de colusión entre las firmas incumbentes para lograr tal fin, en la serie de subastas anuales de derechos de pesca para Bacalao de profundidad (Dissostichus Eleginoides), ocurridas en Chile a partir de inicios de los...

We examine the effects of antitrust policy (the prohibition of a input price discrimination) when an emission tax is used for environmental protection. We show that antitrust policy reduces pollution emission and improves social welfare. Therefore, antitrust policy contributes to environmental...