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Persistent link: https://www.econbiz.de/10013071704
significantly affect competition. Finally, using the estimation results, it is show that the public policy, which consisted of … ratio methodology from Bresnahan and Reiss (1991), which allows estimation even when the range of products under examination … coverage exists. Moreover, it is found that a second entrant in this market strongly increases competition, while further entry …
Persistent link: https://www.econbiz.de/10013061727
incentives to invest. We distinguish between short-term and long-term competition as two concepts that form a pair of objectives … distinction and combination of sector and competition rules as tools for the effective regulation of developing markets, such as …
Persistent link: https://www.econbiz.de/10013068822
In this paper, we present a straightforward economic model that explains the incentives to manipulate nodal energy prices in a “Day 2” RTO market. The model distinguishes between legitimate market participation that increases overall market efficiency and manipulative behavior that distorts...
Persistent link: https://www.econbiz.de/10013106996
Market manipulation is a poorly understood phenomenon, due in part to legal standards that categorize manipulative behavior as either an act of outright fraud or as the nebulous use of market power to produce an artificial price. In this paper, we consider a third type of behavior that can...
Persistent link: https://www.econbiz.de/10013093577
efficiency gains. In particular we show that when there is perfect competition among the competitive fringe, firms do not have …
Persistent link: https://www.econbiz.de/10014221197
This paper deals with competition in communications markets between an incumbent and an entrant. We analyze the effect …
Persistent link: https://www.econbiz.de/10014054958
increase with the intensity of competition. We develop a new measure of competition for which we use the proximity (in … departure time) of a given flight to its competitors to infer the intensity of competition and estimate the impact of … competition on advance purchase discounts (APDs) and the dynamic pricing of airlines by exploiting plausibly exogenous changes in …
Persistent link: https://www.econbiz.de/10012827972
This article analyzes competition between two asymmetric networks, an incumbent and a new entrant. Networks compete in …
Persistent link: https://www.econbiz.de/10008824512
that vertical contracts can be anticompetitive if there exists product-market competition. Thus, I advocate caution in …
Persistent link: https://www.econbiz.de/10014193530