Luftverkehrsdienste benötigen ergänzende boden- und luftseitige Infrastrukturen. Kapazitätsbeschränkungen des Start- und Landebahnsystems eines Flughafens stellen einen erheblichen Engpass dar. Das Nutzungsrecht hängt von der Verfügbarkeit eines Slots ab. Wenn die Nachfrage nach Slots das...

In many markets, firms make their products complex through add-on features, thus making them difficult to evaluate and compare. Does this product obfuscation lure buyers into buying overpriced products, and if so, why does competition not eliminate this practice? More generally, under which...

Das Fit-for-55-Maßnahmenpaket der EU bezweckt eine Reduktion der CO2-Emissionen um55 % bis 2030, gemessen an den Emissionen von 1990. Für die Luftfahrt sind und werdenverschiedene Instrumente wirksam, die neben einer Änderung der Treibstoffe auch Steuernund Gebühren enthalten. Je nach...

This paper develops an economic argument relating auctions to high marketprices. At the core of the argument is the claim that market competition andbidding in an auction should be analyzed as part of one game, where the pricingstrategies in the market subgame depend on the bidding strategies...

This paper analyzes adjustments in the Dutch retail gasoline prices. We estimate an error correction model on changes in the daily retail price for gasoline (taxes excluded) for the period 1996-2004 taking care of volatility clustering by estimating an EGARCH model. It turns out the volatility...

Firms signal high quality through high prices even if the market structure is highly competitive and price competition is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is increasing in quality and the quality of each firm’s product...

This paper models strategic interactions between a product supplier, a provider of information about product quality, and end users, in the context of road transportation. Using a game-theoretical analysis of suppliers' pricing strategies, we assess the social welfare effects of traffic...

This paper is the first to examine the effect of minimum price guaranteesin a sequential search model. Minimum price guarantees are notadvertised and only known to consumers when they come to the shop.We show that in such an environment, minimum price guarantees increasethe value of buying the...

We analyze maximal cartel prices in infinitely-repeated oligopoly models under leniency where fines are linked to illegal gains, as often outlined in existing antitrust regulation, and detection probabilities depend on the degree of collusion. We introduce cartel culture that describes how...