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Cournot-model, which results in a more flexible measure of market power for different market structures. Finally, I include … speaking, the Cournot model provides a better test for the existence of market power than the SCP model. Likewise, explicitly … that the introduced improvements based on the Cournot models are the only ones resulting in tests that are consistent with …
Persistent link: https://www.econbiz.de/10005106764
In the homogenous good case, the relationship between market struc- ture and efficiency was studied extensively. Assuming a standard quadratic utility with quantity competition, this paper carries on the analysis in a differentiated good context. It can be shown that there is a positive re-...
Persistent link: https://www.econbiz.de/10005163016
is à la Cournot between firms with constant asymmetric marginal costs. The main result is that such a vertical merger can …
Persistent link: https://www.econbiz.de/10005051572
analytic Cournot models, to study the effects of firm characteristics, market characteristics, and innovation on market …
Persistent link: https://www.econbiz.de/10005029696
Unilateral abatement is sometimes advocated in order to set a good example that will make other countries follow. The aim of this paper is to investigate whether existence of correlated cost uncertainty provides an incentive for a country to undertake unilateral abatement. The theoretical model...
Persistent link: https://www.econbiz.de/10005684244
properties of such models when Cournot competition occurs in the second stage and assuming a non-spatial context. It finds that …
Persistent link: https://www.econbiz.de/10005690100
This paper introduces strategic behavior of the electricity network operator in a congested network with imperfect competition for generation. It models a two stage Stackelberg game. First, the network operator sets transmission prices, then generators set output and sales. Several scenarios for...
Persistent link: https://www.econbiz.de/10005503927
Abstract: This paper derives the socially optimal transmission prices in a congested electricity network when there is imperfect competition in generation, and when the budget constraint of the network operator is binding. The results which we derive are a generalization of the standard Ramsey...
Persistent link: https://www.econbiz.de/10005503934
Duopoly competition can take different forms: Bertrand, Cournot, Bertrand-Stackelberg, Cournot-Stackelberg and joint …
Persistent link: https://www.econbiz.de/10005536788
players. We apply the game to a Cournot environment with linear demand and constant average costs. We show that the final …
Persistent link: https://www.econbiz.de/10005403983