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Electricity markets : designing auctions where suppliers have uncertain costs
Holmberg, Pär; Wolak, Frank A. - 2015
markets. It is shown that competition improves for increased market transparency and we identify circumstances where the … auctioneer prefers uniform to discriminatory pricing. We note that political risks could significantly worsen competition in …
Persistent link: https://www.econbiz.de/10011410462
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Strategic disclosure of demand information by duopolists : theory and experiment
Jansen, Jos; Pollak, Andreas - 2015
the information structure, the mode of competition, and the degree of product differentiation. Moreover, in our experiment …
Persistent link: https://www.econbiz.de/10011301237
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Strategic supply function competition with private information
Vives, Xavier - 2009
welfare losses is 1/ n2 [hoch 2] . The results extend to demand schedule competition and a range of applications in product … and financial markets are presented. -- reverse auction ; demand schedule competition ; market power ; adverse selection …
Persistent link: https://www.econbiz.de/10003910453
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Strategic Supply Function Competition with Private Information
Vives, Xavier - 2021
welfare losses is 1/ n2 . The results extend to demand schedule competition and a range of applications in product and …
Persistent link: https://www.econbiz.de/10013316291
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Strategic Supply Function Competition with Private Information
Vives, Xavier - 2021
uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition … the collusive level. Furthermore, competition in supply functions aggregates the dispersed information of firms (the … equilibrium is privately revealing) while Cournot competition does not. The implication is that with the former the only source of …
Persistent link: https://www.econbiz.de/10013316471
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Strategic Supply Function Competition with Private Information
Vives, Xavier - 2009
losses is I/n^2. The results extend to demand schedule competition and a range of applications in product and financial …
Persistent link: https://www.econbiz.de/10014202206
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Competition with Asymmetric Switching Costs
Fischer, Ronald D. - 2011
We analyze the effects of asymmetric switching costs on two identical firms that produce an homogeneous good and compete in prices. Both firms inherit a fraction of the market which is “locked-in” by the switching costs. When switching costs are low, firms face a tradeoff between charging a...
Persistent link: https://www.econbiz.de/10013120717
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Voluntary Quality Disclosure Under Price-Signaling Competition
Caldieraro, Fabio - 2011
We analyze an oligopolistic competition with differentiated products and qualities. The quality of a product is not …-signaling competition. There are two regimes for separating equilibrium in our model depending on the parameters. Our analysis reveals that …, in one of the separating regimes, price signaling leads to intense price competition between the firms under which not …
Persistent link: https://www.econbiz.de/10013121803
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Welfare Effects of Endogenous Information Acquisition and Disclosure in Duopoly Markets
Miwa, Kazunori - 2019
acquired information in a Cournot duopoly market under demand uncertainty. The main results are as follows. When the …
Persistent link: https://www.econbiz.de/10012871326
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Strategic supply function competition with private information
Vives, Xavier - 2008
uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition … the collusive level. Furthermore, competition in supply functions aggregates the dispersed information of firms (the … equilibrium is privately revealing) while Cournot competition does not. The implication is that with the former the only source of …
Persistent link: https://www.econbiz.de/10010264447