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Market size and vertical structure in the rail way industry
Matsushima, Noriaki; Mizutani, Fumitoshi - 2011
We provide a theoretical framework to discuss the relation between market size and vertical structure in the railway industry. The framework is based on a simple downstream monopoly model with two input suppliers, labor forces and the rail infrastructure firm. The operation of the downstream...
Persistent link: https://www.econbiz.de/10010332400
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Biased quality investments and organisational structures in network industries: An application to the railway industry
Pakula, Benjamin; Götz, Georg - 2011
This paper analyses the incentives to upgrade input quality in vertically related (network) industries. Upstream investments have a biased effect on the downstream companies and lead to vertical product differentiation. Different vertical structures such as vertical integration, ownership and...
Persistent link: https://www.econbiz.de/10010286357
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Quasi-integration in less-than-truckload trucking
Fernández, Alberto; Arruñada, Benito; González, Manuel - Department of Economics and Business, Universitat … - 1998
This work studies the organization of less-than-truckload trucking from a contractual point of view. We show that the huge number of owner-operators working in the industry hides a much less fragmented reality. Most of those owner-operators are “quasi-integrated” in higher organizational...
Persistent link: https://www.econbiz.de/10005772267
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Competition Effects in a Liberalized Railway Market
Lang, Markus; Laperrouza, Marc; Finger, Matthias - Institut für Strategie und Unternehmensökonomik … - 2010
This paper presents a game-theoretic model of a liberalized railway market, in which train operation and ownership of infrastructure are vertically separated. We analyze how the regulatory agency will optimally set the charges that operators have to pay to the infrastructure manager for access...
Persistent link: https://www.econbiz.de/10008498987
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The Effects of Increased Competition in a Vertically Separated Railway Market
Lang, Markus; Laperrouza, Marc; Finger, Matthias - Swiss Economics - 2010
This paper presents a game-theoretic model of a liberalized railway market, in which train operation and ownership of infrastructure are vertically separated. We analyze how the regulatory agency will optimally set the charges that operators have to pay to the infrastructure manager for access...
Persistent link: https://www.econbiz.de/10008675789
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Legally Separated Joint Ownership of Bidder and Auctioneer: Illustrated by the Partial Deregulation of the EU Electricity Markets
Koten, Silvester van - Center for Economic Research and Graduate Education and … - 2007
In the EU electricity industry, many Vertically Integrated Utilities (VIUs) have ownership both of electricity generators and of transmission, hence VIU-owned or allied generators often are bidders in auctions for VIU-owned transmission. In Van Koten (2006) I show that welfare suffers and the...
Persistent link: https://www.econbiz.de/10005086659
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The potential impact of cross-ownership in transmission: An application to the Belgian electricity market
Pepermans, Guido; Willems, Bert - Centrum voor Economische Studiën, Faculteit Economie … - 2005
This paper looks at the potential effect of partial ownership on the generation and the transmission sector of electricity markets. Ideally, in liberalized electricity markets, transmission is separated form generation. The transmission sector is a natural monopoly operated by a regulated...
Persistent link: https://www.econbiz.de/10005503932
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Taxation, industry integration and production efficiency
Moriconi, Simone - 2016
economies. Theories of optimal taxation conclude that these taxes are detrimental to production efficiency, when firms operate … production units. The present paper investigates the effects of taxation on production efficiency, accounting for the … effect of this "tax induced organizational change" on production efficiency ultimately depends on the characteristics of the …
Persistent link: https://www.econbiz.de/10011775928
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Asymmetric vertical integration
Buehler, Stefan; Schmutzler, Armin - 2004
We examine vertical backward integration in a reducedform model of successive oligopolies. Our key findings are: (i) There may be asymmetric equilibria where some firms integrate and others remain separated, even if firms are symmetric initially; (ii) Efficient firms are more likely to integrate...
Persistent link: https://www.econbiz.de/10010315532
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Who Integrates?
Bühler, Stefan; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2003
We examine vertical backward integration in oligopoly. Analysing a standard linear Cournot model, we find that for wide parameter ranges (i) some firms integrate, while others remain separated, and (ii) efficient firms are more likely to integrate vertically. Adopting a reduced-form approach, we...
Persistent link: https://www.econbiz.de/10005504590