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The parameterisation of energy and climate policies often depends on the technology, which is price-setting in electricity markets. We propose two simple approaches to determine marginal technologies in electricity wholesale from available data. Both approaches are complementary, computationally...
Persistent link: https://www.econbiz.de/10012055621
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...
Persistent link: https://www.econbiz.de/10011376636
a multimarket oligopoly. The author shows that under oligopoly price discrimination, differences in competitive pressure …
Persistent link: https://www.econbiz.de/10012139178
a multimarket oligopoly. The author shows that under oligopoly price discrimination, differences in competitive pressure …
Persistent link: https://www.econbiz.de/10012102737
reconciled with principles of oligopoly theory. This article (1) presents a fundamental reconceptualization of our understanding …
Persistent link: https://www.econbiz.de/10011810824
We present an oligopoly model where a certain fraction of consumers engage in costly non-sequential search to discover …
Persistent link: https://www.econbiz.de/10011325665
We run a market experiment where firms can choose not only their price but also whether to present comparable offers. They are faced with artificial demand from consumers who make mistakes when assessing the net value of products on the market. If some offers are comparable however, some...
Persistent link: https://www.econbiz.de/10010433911
The unprecedented access of firms to consumer level data facilitates more precisely targeted individual pricing. We study the incentives of a data broker to sell data about a segment of the market to three competing firms. The segment only includes a share of the consumers in the market around...
Persistent link: https://www.econbiz.de/10012695129
Within a simple model of homogeneous oligopoly, we show that the traditional ranking between Bertrand and Cournot …
Persistent link: https://www.econbiz.de/10011715895
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495