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Representing the Effects of Oligopolistic Competition on Risk-Neutral Prices in Power Markets
Vazquez, Miguel - 2012
Forward transactions are becoming increasingly important in most of electricity markets. In this view, this paper develops a methodology able to capture the complexities of power markets and incorporate them into the framework of risk-neutral probabilities. This is done by the statement of a...
Persistent link: https://www.econbiz.de/10013116996
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Existence and efficiency of equilibrium in infinite economies with finite aggregate wealth
Barut, Yasar - In: Economic theory : official journal of the Society for … 15 (2000) 2, pp. 319-337
Persistent link: https://www.econbiz.de/10001460628
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Asset bubbles and product market competition
Queirós, Francisco - 2021
Persistent link: https://www.econbiz.de/10012502161
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Asset bubbles and product market competition
Queirós, Francisco - 2019
Persistent link: https://www.econbiz.de/10012034043
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Asset bubbles and product market competition
Queirós, Francisco - In: Theoretical economics : TE ; an open access journal in … 19 (2024) 1, pp. 325-364
This paper studies the interplay between asset bubbles and product market competition. It offers two main insights. The … rational bubbles possible even when there is no overaccumulation of capital. The second is that when providing a production … subsidy, bubbles stimulate competition and reduce monopoly rents. I show that bubbles can destroy efficient investment and …
Persistent link: https://www.econbiz.de/10014468077
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Bridging the gap between horizontal and vertical merger simulation : modifications and extensions of PCAID
Bush, C. Anthony - 2014
A general theoretical and empirical framework is developed for assessing the potential of a vertically integrated firm to foreclose downstream competitors. Using this framework a policymaker may also evaluate the empirical welfare effects from a vertically integrated firm raising rivals' costs....
Persistent link: https://www.econbiz.de/10010391562
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Distributional Effects of Competition : A Simulation Approach
Rodríguez-Castelán, Carlos; Araar, Abdelkrim; … - 2021
Understanding the economic and social effects of the recent global trends of rising market concentration and market power has become a policy priority. To fill this knowledge gap, this paper introduces a simple simulation method, the Welfare and Competition tool (WELCOM), to estimate with...
Persistent link: https://www.econbiz.de/10013250767
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International Trade and Technological Competition in Markets with Dynamic Increasing Returns
Fontanelli, Luca; Guerini, Mattia; Napoletano, Mauro - 2021
We build a simple dynamic model to study the effects of technological learning, market selection and international competition in the determination of export flows and market shares. The model features two countries populated by firms with heterogeneous productivity levels and sales. Market...
Persistent link: https://www.econbiz.de/10013211216
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Distributional effects of competition: a simulation approach
Rodríguez-Castelán, Carlos; Araar, Abdelkrim; … - 2021
Understanding the economic and social effects of the recent global trends of rising market concentration and market power has become a policy priority. To fill this knowledge gap, this paper introduces a simple simulation method, the Welfare and Competition tool (WELCOM), to estimate with...
Persistent link: https://www.econbiz.de/10012418634
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Thar SHE blows? : gender, competition, and bubbles in experimental asset markets
Eckel, Catherine C.; Füllbrunn, Sascha - In: The American economic review 105 (2015) 2, pp. 906-920
Persistent link: https://www.econbiz.de/10010519531