capacity constrained producers. …

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction …

production capacity. In a zonal pricing electricity market, the one proposed by the European Commission to integrate the European … electricity markets, I analyze the effects that investments in transmission and production capacity have on consumer welfare and … transmission capacity between zones (inter Transmission System Operator (TSO) investment) and an investment in production capacity …

reduce or at best cancel sanctions for price-fixing firms that self-report -- may make collusion enforceable even in one …-shot competitive interactions, like Bertrand oligopolies and first-price auctions, where no collusion would be supportable otherwise …

We investigate the effect of a ban on third-degree price discrimination on the sustainability of collusion. We build a …' discount factor has to be higher in order to sustain collusion in grim-trigger strategies under price discrimination than under …

less inclined to collude than men when collusion harms a third party. No gender difference can be found in the absence of a … distance is small they hardly behave collusively when collusion harms a third party. …

agreement. I obtain that collusion is easier to sustain the larger the cartel is. Then, I explore the implications of this …, they risk that collusion completely collapses, as remaining cartel members are unable to sustain collusion. …