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Der Deal der beiden größten deutschen Energielieferanten RWE und E.ON zum Tausch verschiedener Geschäftseinheiten, welcher Mitte September 2019 genehmigt wurde, wird den deutschen Energiemarkt wesentlich umstrukturieren und sowohl im Bereich Erzeugung als auch im Vertrieb zu jeweils einem...
Persistent link: https://www.econbiz.de/10014503499
The insurance industry is built on risk classification, grouping insureds into homogeneous classes. Through actions such as underwriting, pricing and so forth, it differentiates, or discriminates, among insureds. Actuaries have responsibility for pricing insurance risk transfers and are...
Persistent link: https://www.econbiz.de/10012835059
silver linings emerge in the FinTech era: (1) Discrimination is declining; algorithmic lending may have increased competition …
Persistent link: https://www.econbiz.de/10012900731
The information age is replacing the Invisible Hand with an algorithmic hand. Where once markets were governed by uniform prices determined for large groups of anonymous consumers by impersonal forces of supply and demand, today there is increasingly no such thing as a market price. Instead,...
Persistent link: https://www.econbiz.de/10012849421
We study how access pricing affects network competition when consumers' subscription demand is elastic and networks … show that a reduction of the termination charge below cost has two opposing effects: it softens competition and it helps to … termination charge below cost, either to soften competition or to internalize the network effect. The regulator will favor …
Persistent link: https://www.econbiz.de/10014212808
Antitrust guarantees a particular distribution of wealth between consumers and producers. Big data allows firms with pricing power to identify the highest price a consumer is willing to pay for a good and charge it to her. The practice upends the current distribution of wealth by allowing firms...
Persistent link: https://www.econbiz.de/10014126065
Regulatory bundling is the ability of administrative agencies to aggregate and disaggregate rules. Agencies, in other words, can bundle what would otherwise be multiple rules into just one. Conversely, they can split one rule into several. This observation parallels other recent work on how...
Persistent link: https://www.econbiz.de/10014112209
We study a seller's optimal mechanism for maximizing revenue when a buyer may present evidence relevant to her value. We show that a condition very close to transparency of buyer segments is necessary and sufficient for the optimal mechanism to be deterministic--hence akin to classic third...
Persistent link: https://www.econbiz.de/10011599549
, including the impactof network externality, upgrade compatibility, and commitment on pricingin a dynamic environment. We show …
Persistent link: https://www.econbiz.de/10009435103
Persistent link: https://www.econbiz.de/10011346883