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Abuse of forward contracts to semi-collude in volatile markets : conference paper

Aichele, Markus - 2013

I model the optimal semi-collusive strategy of firms using forward contracts in volatile markets. It has been shown that forward contracts can be used to stabilize a collusive agreement under deterministic (Liski and Montero, 2006) as well as under stochastic market conditions (Aichele, 2012)....

Persistent link: https://www.econbiz.de/10010342821

Business strategy and firm reorganization under changing market conditions

Ghosal, Vivek - 2009

modernization investments, including ICT. The second part of the paper presents evidence on firms’ productivity paths, and the … heterogeneity in productivity among relatively similar firms. I also present selected evidence of these firms’ investments in … innovative activity in traditional industries such as pulp and paper. -- incremental innovation, ICT investments, modernization …

Persistent link: https://www.econbiz.de/10003850304

Mergers and rivals' mark-ups : evidence from European paper manufacturers

Marinov, Rosen - 2007

This paper investigates the effect of merger-driven market concentration on the markups of non-merging rival firms in Europe’s paper manufacturing industry. Using a representative data set of 400 independently-owned companies spanning a ten-year period, we aim to disentangle the impact of...

Persistent link: https://www.econbiz.de/10003872161

Coexistence of service- and facility-based competition : the relevance of access prices for "make-or-buy"-decisions

Bendery, Christian M.; Goetz, Georg - 2011 - This version: September 2011

intensifies competition in all regions. We show that the cost-reducing potential of investments dominates the strategic effect …

Persistent link: https://www.econbiz.de/10011526221

The effect of horizontal mergers, when firms compete in prices and investments

Motta, Massimo; Tarantino, Emanuele - 2017

gains, the merger lowers total investments and consumer surplus.Only if it entails suffcient effciency gains, will it be pro …-competitive. We also show there exist classes of models for which the results obtained with cost-reducing investments are equivalent … to those with quality-enhancing investments. …

Persistent link: https://www.econbiz.de/10011798644

Supply function equilibria of pay-as-bid auctions

Holmberg, Pär - 2009

This paper characterizes the Nash equilibrium in a pay-as-bid (discriminatory), divisible-good, procurement auction. Demand by the auctioneer is uncertain as in the supply function equilibrium model. A closed form expression is derived. Existence of an equilibrium is ensured if the hazard rate...

Persistent link: https://www.econbiz.de/10003809072

Supply function equilibria : step functions and continuous representations

Holmberg, Pär; Newbery, David M. G.; Ralph, Daniel - 2009

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction, and the market is cleared at the price of the most expensive offer needed to meet realised demand. Such markets can most elegantly be modelled as the pure-strategy, Nash...

Persistent link: https://www.econbiz.de/10003809097

Smart entry in local retail markets for electricity and natural gas

Bartholomae, Florian W.; Morasch, Karl; Tóth, Rita Orsolya - 2009

Consider a market with switching costs that is initially served by a monopolistic incumbent. How can a competitor successfully enter this market? We show that an offer to undercut the incumbent by a fixed margin serves this purpose. This strategy dominates traditional entry where the entrant...

Persistent link: https://www.econbiz.de/10003862973

Restaurant prices and the minimum wage

Fougère, Denis; Gautier, Erwan; Le Bihan, Hervé - 2009

We examine the effect of the minimum wage on restaurant prices. We contribute to both the study of economic impact of the minimum wage and to the micro patterns of price stickiness. For that purpose, we use a unique dataset of individual price quotes collected to calculate the Consumer Price...

Persistent link: https://www.econbiz.de/10003825142

Empirical analysis of buyer power

Beckert, Walter - 2009

This paper provides a comprehensive econometric framework for the empirical analysis of buyer power. It encompasses the two main features of pricing schemes in business-to-business relationships: nonlinear price schedules and bargaining over rents. Disentangling them is critical to the empirical...

Persistent link: https://www.econbiz.de/10003854239

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