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We study item-pricing laws (which require that each item in a store be individually marked with a price sticker) and examine and quantify their costs and benefits. On the cost side, we argue that item-pricing laws increase the retailers’ costs, forcing them to raise prices. We test this...
Persistent link: https://www.econbiz.de/10005412533
, accompanied by intense competition, has driven changes in the organization of procurement systems of supermarket chains, toward …
Persistent link: https://www.econbiz.de/10005755090
Abstract We analyze the impact of three controversial pipeline projects on the power structure in the Eurasian network for natural gas. Two pipelines, “Nord Stream” and “South Stream,” allow Russian gas to bypass transit countries, Ukraine and Belarus. The third project, “Nabucco,”...
Persistent link: https://www.econbiz.de/10014618875
We provide a strategic rationale for growth options under uncertainty and imperfect competition. In a market with … strategic competition, investment confers a greater capability to take advantage of future growth opportunities. This strategic …
Persistent link: https://www.econbiz.de/10009460041
We investigate the timing and the valuation of strategic investment aimed at enhancing entry opportunities in related market segments. As demand is uncertain, entry options should be exercised at the optimal time, trading off the market share gain against the option to wait until more...
Persistent link: https://www.econbiz.de/10009460051
strategic competition, investment confers a greater capability to take advantage of future growth opportunities. This strategic …
Persistent link: https://www.econbiz.de/10009460053
We address the question of competition within the location choices of firms. In a framework of agglomeration effects …, both spatial and temporal dimensions of the firms' decisions are studied. We show that the competition consequences of … tend to demonstrate that the relation between competition strength and spatial differentiation remains pertinent in a …
Persistent link: https://www.econbiz.de/10010397981
market (medium term investment), competition becomes fierce. Thus, the efficiency gains from forward trading found by Allaz … investment), competition becomes rather weak. When investment matters, from a welfare point of view the desirability of forward …
Persistent link: https://www.econbiz.de/10010426993
Public energy productivity investment influences the amount of future energy consumption. If a present government expects its successor to value the social costs of fuel usage differently, this adds a strategic component to its investment considerations. We analyze this governmental...
Persistent link: https://www.econbiz.de/10010311588
Persistent link: https://www.econbiz.de/10009660006