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This paper examines the relative importance of horizontal market structure, auction design, and vertical arrangements in explaining electricity prices. We define vertical arrangements as either vertical integration or long term contracts whereby retail prices are determined prior to wholesale...
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manufacturers' strategy have played in shaping this dominant business model in the 1990s. Fierce competition between Airbus and … Boeing and plummeting new aircraft prices in the early 2000s have fueled low-cost competition of unprecedented scope, that … analysis and policies, which conflict with the complex dynamics of real-life airline competition. It questions the regulator …
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We develop a two-stage game in which competing airlines first choose the networks of markets to serve in the first stage before competing in price in the second stage. Spillovers in entry decisions across markets are allowed, which accrue on the demand, marginal cost, and fixed cost sides. We...
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