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market power appears to be constrained by competition and largely determined by demand side factors. Finally, we find that …
Persistent link: https://www.econbiz.de/10011553026
market power appears to be constrained by competition and largely determined by demand side factors. Finally, we find that …
Persistent link: https://www.econbiz.de/10012979689
The literature on deregulated electricity markets generally assumes available capacities to be given. In contrast, this paper studies a model where firms precommit to capacity levels before competing in a uniform price auction. The analysis sheds light on recent empirical findings that firms use...
Persistent link: https://www.econbiz.de/10010281221
The literature on deregulated electricity markets generally assumes available capacities to be given. In contrast, this paper studies a model where firms precommit to capacity levels before competing in a uniform price auction. The analysis sheds light on recent empirical findings that firms use...
Persistent link: https://www.econbiz.de/10001663587
, competitive asymmetry, presuming that the competition among the companies is not equal and rivals do not consider each other at …
Persistent link: https://www.econbiz.de/10012302774
This paper studies the effects of introducing competition for local passenger railway markets in the German state of … Baden-Württemberg. We compare the evolution of the frequency of service on lines that were exposed to competition for the … further suggest that the effects of competition may depend strongly on the operator. -- Competition for the market …
Persistent link: https://www.econbiz.de/10003215997
towards international airline competition. While the policies of the 1980s and 90s were designed to maximize industry … have sought to reduce competition and entrench the position of the largest carriers. These policies have already led to the … large legacy airlines and government officials could dramatically restructure international airline competition in favor of …
Persistent link: https://www.econbiz.de/10014186900
The following paper aims at studying the competitive effect of the entry in the gas market of importers of liquefied natural gas (LNG hereafter). In particular we would like to analyze whether the construction of LNG terminals and the entry of LNG importers can have a positive effect on the gas...
Persistent link: https://www.econbiz.de/10013160518
Open borders imply systems competition. This paper studies the implications of systems competition for the national … competition rules. It is shown that an equilibrium where all countries retain their antitrust laws does not exist, since …
Persistent link: https://www.econbiz.de/10013320937
The supply function equilibrium provides a game-theoretic model of strategic bidding in oligopolistic wholesale electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the number of firms in the market and their asymmetry....
Persistent link: https://www.econbiz.de/10013132898