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Do pay-as-bid auctions favor collusion? : evidence from Germany’s market for reserve power
Heim, Sven; Goetz, Georg - 2013
We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive behavior in an environment with repeated auctions, pivotal...
Persistent link: https://www.econbiz.de/10009751726
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Do Pay-as-Bid Auctions Favor Collusion? Evidence from Germany's Market for Reserve Power
Heim, Sven - 2013
We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive behavior in an environment with repeated auctions, pivotal...
Persistent link: https://www.econbiz.de/10013080623
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Do pay-as-bid auctions favor collusion? : evidence from Germany's market for reserve power
Heim, Sven; Goetz, Georg - 2013
behavior, but can even increase them. -- Auctions ; Collusion ; Market Power ; Energy Markets ; Reserve Power ; Balancing Power …
Persistent link: https://www.econbiz.de/10009736354
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Der KMD-Kartellcheck : Marktscreening nach Kartellstrukturen am Beispiel des deutschen Zementmarkts
Lorenz, Christian - 2005
antitrust agencies inot additional more detailed audits. -- cartel ; collusion ; price fixing ; collusive marker ; cartel audit … analysis and investigates whether they operate efficiently. The CFD cartel-audit should enable the detection of cartels via … patterns. The CFD cartel-audit attempts to draw conclusions from these patterns in order to find hidden cartels and to engage …
Persistent link: https://www.econbiz.de/10009349855
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Der KMD-Kartellcheck : Marktscreening nach Kartellstrukturen am Beispiel des deutschen Zementmarkts
Lorenz, Christian - 2005
Persistent link: https://www.econbiz.de/10003347576
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Algorithmic pricing and competition : empirical evidence from the German retail gasoline market
Assad, Stephanie; Clark, Robert; Ershov, Daniel; Xu, Lei - 2020
Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and competition. In this paper we provide the first empirical analysis of this relationship. We study Germany's retail gasoline market where algorithmic-pricing software became widely...
Persistent link: https://www.econbiz.de/10012286512
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Algorithmic pricing and competition : empirical evidence from the German retail gasoline market
Assad, Stephanie; Clark, Robert; Ershov, Daniel; Xu, Lei - 2020
Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and competition. In this paper we provide the first empirical analysis of this relationship. We study Germany’s retail gasoline market where algorithmic-pricing software became...
Persistent link: https://www.econbiz.de/10012263827
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Market liberalization : price dispersion, price discrimination and consumer search in the German electricity markets
Gugler, Klaus; Heim, Sven; Janssen, Maarten C. W.; … - 2018
We study how consumer search affects pricing in markets with incumbents and entrants using panel data on German electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent providers can price discriminate between searching and...
Persistent link: https://www.econbiz.de/10011916675
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Collusive upward gasoline price movements in medium-sized German cities
Neukirch, Arne; Wein, Thomas - 2016
Do we have effective competition between the gasoline's big five oligopolists (Aral, Shell, Esso, Total and Jet) and fringe gasoline stations? Using 2014 Market Transparency price data from 66 cities with populations between 60,000 and 100,000, we analyze which brands lead price increases, the...
Persistent link: https://www.econbiz.de/10011487769
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Rent sharing to control non-cartel supply in the German cement market
Harrington, Joseph Emmett; Hüschelrath, Kai; … - 2016
A challenge for many cartels is avoiding a destabilizing increase in non-cartel supply in response to having raised … price. In the case of the German cement cartel that operated over 1991-2002, the primary source of non-cartel supply was … imports from Eastern European cement manufacturers. Industry sources have claimed that the cartel sought to control imports by …
Persistent link: https://www.econbiz.de/10011443774