Narrow search
Showing 1 - 10 of 4,841
Cover Image
Simulation and evaluation of zonal electricity market designs
Hesamzadeh, Mohammad Reza; Holmberg, Pär; Sarfati, Mahir - 2018
Zonal pricing with countertrading (a market-based redispatch) gives arbitrage opportunities to the power producers located in the export-constrained nodes. They can increase their profit by increasing the output in the dayahead market and decrease it in the real-time market (the inc-dec game)....
Persistent link: https://www.econbiz.de/10011852449
Cover Image
Strategic investment, forward markets and competition
Aichele, Markus - 2014
I model the strategic interaction between firms, that face decisions on investment, forward contracts and spot market quantities. For an investment decision that takes place after firms have contracted forward but before firms compete on the spot market (medium term investment), competition...
Persistent link: https://www.econbiz.de/10010426046
Cover Image
Policy innovations, political preferences, and cartel prosecutions
Ghosal, Vivek; Sokol, D. Daniel - 2015
, collusion. …
Persistent link: https://www.econbiz.de/10011346282
Cover Image
Endogenous information disclosure in experimental oligopolies
Kopányi, Dávid; Kopányi-Peuker, Anita - 2015
difference in average total outputs across data aggregation and information settings. However, we observe more collusion when …
Persistent link: https://www.econbiz.de/10010530643
Cover Image
Fighting collusion by permitting price discrimination
Helfrich, Magdalena; Herweg, Fabian - 2016
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 …
Persistent link: https://www.econbiz.de/10011434582
Cover Image
Choosing whether to compete : price and format competition with consumer confusion
Crosetto, Paolo; Gaudeul, Alexia - 2014
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
Cover Image
Collusion by algorithm: the role of unobserved actions
Martin, Simon; Rasch, Alexander - 2022
We analyze the effects of better algorithmic demand forecasting on collusive profits. We show that the comparative statics crucially depend on the whether actions are observable. Thus, the optimal antitrust policy needs to take into account the institutional settings of the industry in question....
Persistent link: https://www.econbiz.de/10013093034
Cover Image
Gender and collusion
Haucap, Justus; Heldman, Christina; Rau, Holger A. - 2022
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. …
Persistent link: https://www.econbiz.de/10012938866
Cover Image
Collusive vertical relations
Bolatto, Stefano; Lambertini, Luca - 2017
We investigate the possibility for two vertically related firms to at least partially collude on the wholesale price over an in.nite horizon to mitigate or eliminate the e¤ects of double marginalisation, thereby avoiding contracts which might not be enforceable. We characterise alternative...
Persistent link: https://www.econbiz.de/10011674459
Cover Image
Forward trading and collusion in supply functions
Wölfing, Nikolas - 2019
This paper studies the effect of forward contracts on the stability of collusion among firms, competing in supply … functions on the spot market. A forward market can increase the range of discount factors which allow to sustain collusion. On … the contrary, collusion is destabilised when a potential deviator sells a significant amount forward. Results do not …
Persistent link: https://www.econbiz.de/10011968922