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In this paper we set out to investigate the price and quantity fluctuations in Western Denmark, which took place during the winter season 2002-2003. This was a period, which exhibited critical supply conditions in the Nordic area due to a shortage of hydropower. On average, the market in Western...
Persistent link: https://www.econbiz.de/10008914334
This paper investigates the role of incumbents' market power in shaping the entry decisions of Italian banks after branching liberalization in 1990. Using a unique dataset on 260 banks, we find that entry over the 1990-1995 period was targeted towards markets that were more competitive to begin...
Persistent link: https://www.econbiz.de/10008914385
The general opinion among power industry representatives and electricity market analysts is that the Nordic electricity … market has worked well. The purpose of this paper is to explore why the Nordic electricity market has performed well and to … the potential problem of market power abuse is investigated in particular. The relatively successful electricity market …
Persistent link: https://www.econbiz.de/10008918542
The main goal of this manuscript is to explore the retailer conduct in the milk market in a U.S. Midwestern city, based upon a structural estimation of consumer milk demand and retailer optimality conditions. To model milk demand we rely upon the Almost Ideal Demand System, while allowing the...
Persistent link: https://www.econbiz.de/10008922655
Persistent link: https://www.econbiz.de/10008922671
Persistent link: https://www.econbiz.de/10008925926
Our model examines how co-existence of market power and noncompliance affects the efficiency and effectiveness of a cap-and-trade system with banking-borrowing in a finite period model. The dynamic equilibrium analysis here extends the results of the established literature, and we show that the...
Persistent link: https://www.econbiz.de/10009001024
This study examines farm to wholesale prices spreads to measure the impact of the BSE disease outbreak on the Canadian beef industry. The study uses structure break tests developed by Gregory and Hansen (1996) and Hansen (1992) examine possible breaks within co integrating relationships. The...
Persistent link: https://www.econbiz.de/10009002413
Fruit and vegetable marketing organization The Greenery has experienced various governance structure changes, like horizontal merger, forward integration, and the emergence of grower associations. A multilateral incomplete contracting model is presented to account for these changes by analysing...
Persistent link: https://www.econbiz.de/10009003154
Do active secondary markets aid or harm durable goods manufacturers? We build a dynamic equilibrium model of durable goods oligopoly, with consumers who incur lumpy costs when transacting in the secondary market, and calibrate it to U.S. automobile industry data. By varying transaction costs, we...
Persistent link: https://www.econbiz.de/10008622200