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clauses limit the incentives to face-to-face competition and determine segmentation and monopoly pricing even when entry of … new competitors occurs. The development of wholesale trade, instead, may induce generalized entry and retail competition …
Persistent link: https://www.econbiz.de/10013036877
different segment of the market and sets the monopoly price, i.e. market segmentation. Antitrust ceilings do not prevent such an …
Persistent link: https://www.econbiz.de/10014222564
In this paper we will examine the issue of ownership unbundling and forced divestiture remedies imposed in a series of recent competition law cases of the energy market - examined in other papers - in relation to the possible existence of a series of legal obstacles. These energy market...
Persistent link: https://www.econbiz.de/10014187735
Motivated by policy events experienced during the last two decades by the European natural gas industry, this paper develops a simple model for analyzing the interaction between gas release and capacity investment programs as tools to improve the performance of imperfectly competitive markets....
Persistent link: https://www.econbiz.de/10010706828
EU has to attain the strategic objectives for 2020: 20% of energy from renewable sources, cutting the emissions of greenhouse gases by 20% and diminishing the dependence on imported fuels, that is why in the last years European Commission has decided that MS should increase the flexibility of...
Persistent link: https://www.econbiz.de/10010721089
a new class of trade models: the New New Trade Theory which accounts for firm heterogeneity and market entry costs. The …
Persistent link: https://www.econbiz.de/10010300055
meets entrants that enter one of the markets. We find that entry can enhance the total R&D expenditure of the incumbent firm …. That is, entry can stimulate R&D effort. Moreover, the incumbent's profit nonmonotonically changes as the number of … entrants increases. Depending on the fixed entry costs and R&D technologies, both insufficient and excess entry can appear. …
Persistent link: https://www.econbiz.de/10010332451
We use a dynamic oligopoly model of entry and exit to evaluate how entry regulations affect profitability and market … stores in Sweden, we find that the average entry costs for small and large stores are 10 and 18 percent lower, respectively …, in markets with liberal compared with restrictive regulations. Counterfactual simulations show that lower entry costs in …
Persistent link: https://www.econbiz.de/10010335637
We use a dynamic oligopoly model of entry and exit with store-type differentiation to evaluate how entry regulations … demand, recover variable profits, and estimate entry costs and fixed costs by store type. Counterfactual policy experiments … show that welfare increases when competition is enhanced by lower entry costs. Protecting small stores by imposing …
Persistent link: https://www.econbiz.de/10011442488
This paper estimates a dynamic, structural model of entry and exit in an oligopolistic industry and uses it to quantify …. Entry costs faced by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price … the dentist industry allow the entry cost to differ for geographic markets that were designated as Health Professional …
Persistent link: https://www.econbiz.de/10010397677