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Estimation of market power in the presence of firm level inefficiencies

Kutlu, Levent; Sickles, Robin C. - In: Journal of Econometrics 168 (2012) 1, pp. 141-155

“The quiet life hypothesis” (QLH) by Hicks (1935) argues that, due to management’s subjective cost of reaching optimal profits, firms use their market power to allow inefficient allocation of resources. Increasing competitive pressure is therefore likely to force management to work harder...

Persistent link: https://www.econbiz.de/10011052321

Market power in a coal-based power generation sector: The case of Poland

Kamiński, Jacek - In: Energy 36 (2011) 11, pp. 6634-6644

measures are discussed in this study: electricity prices, production volumes, consumer and producer surpluses, dead weight … market power in the Polish power generation sector may influence significantly electricity prices and production volumes. The … analysis indicates that under the competitive scenario the average wholesale electricity price would be approximately 14 …

Persistent link: https://www.econbiz.de/10011054359

Market power analysis in the Iberian electricity market using a conjectural variations model

Lagarto, João; Sousa, Jorge A.M.; Martins, Álvaro; … - In: Energy 76 (2014) C, pp. 292-305

In the last years the electricity industry has faced a restructuring process. Among the aims of this process was the …. However, the competitive behavior of generating firms might jeopardize the expected benefits of the electricity industry … acting in liberalized electricity markets. The model computes a parameter that represents the degree of competition of each …

Persistent link: https://www.econbiz.de/10011055973

Measuring the Simultaneous Quantity Game in OMEL Spot Electricity Market

Moutinho, Victor; Moreira, António Carrizo; Mota, Jorge H. - In: International Journal of Energy Economics and Policy 5 (2015) 1, pp. 305-320

In the electricity spot market the various competitive levels, as well as their subsequent changes in the market … equilibrium, are justified by the simultaneous quantity game between electricity generators. It is expected that the dominant …

Persistent link: https://www.econbiz.de/10011122105

Protection of competition in the contemporary global economy as a challenge for the competition theory

Sliwinska, Magdalena - In: Ekonomia i Prawo 12 (2013) 2, pp. 207-220

Although the phenomenon of competition is fundamental of the economic theory and policy, the scientists have not yet achieved the consensus concerning the kind of competition which should be protected. Contemporary researchers striving to find the answer to this question rely on their...

Persistent link: https://www.econbiz.de/10011123290

Führt Google Shopping zu einer neuen Art von Wettbewerbsproblem?

Blanckenburg, Korbinian von - In: Zeitschrift fuer Wirtschaftspolitik 63 (2014) 3, pp. 240-256

This paper is concerned with the question of how to deal with Google Shopping’s position on online markets in order to prevent harm to public welfare. From the perspective of sellers and buyers of goods and services in Germany, Google can be seen as a gatekeeper to the Internet and thus as an...

Persistent link: https://www.econbiz.de/10011123609

Economic Integration, Lobbying by Firms and Workers, and Technological Change

Palokangas, Tapio - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2008

I examine a common market with the following institutions. Oligopolistic firms improve their productivity by R&D. Wages are determined by union-employer bargaining. Firms and workers lobby the authority that accepts new members and regulates unions' and firms' market power. The main findings are...

Persistent link: https://www.econbiz.de/10011124066

Variety and the cost of search in supermarket retailing

Richards, Timothy J.; Yonezawa, Koichi; Hamilton, Stephen F. - European Association of Agricultural Economists - EAAE - 2014

It is generally not optimal for consumers to become perfectly informed about all prices and all available products in a multi-product retail environment when search is costly. We examine the link between the cost of search and product variety o¤ered by multi-product retailers. Using a...

Persistent link: https://www.econbiz.de/10011124999

Coping with market power: dairy farmers’ interest in producers’ organizations and contracts

Mondelaers, Koen; Baecke, Myriam; Lauwers, Ludwig H. - European Association of Agricultural Economists - EAAE - 2014

In 2015 the quota in the dairy sector will no longer be prolonged, as one of the measures to further liberalize the dairy market. To support farmers in this more volatile market and to increase their negotiation power, the EU has proposed several measures in a Dairy Package, amongst which the...

Persistent link: https://www.econbiz.de/10011125066

How can the differences in German raw milk prices be explained? An empirical investigation of market power asymmetries and other price determinants

Zavelberg, Yvonne; Wieck, Christine; Heckelei, Thomas - European Association of Agricultural Economists - EAAE - 2014

Addressing competition in Germany’s dairy sector, this paper investigates imperfect competition on the raw milk market. By using the conjectural variation approach to determine dairy processors market power towards raw milk producers, regions in Germany with a high degree of imperfect...

Persistent link: https://www.econbiz.de/10011125138