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to the German power market and analyze different counterfactual and realistic cases of pumped hydro storage. Our main … relevant source of market power. …
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uncertainty on the ?market for lemons? of Akerlof (1970) to ?quality ambiguity? with credence goods. The model shows the market … too low, sellers of credence goods will be driven out of the market by trust induced adverse selection. In market …
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This paper outlines the technical foundations and the market structure for international trade in information …
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This paper outlines the technical foundations and the market structure for international trade in telecommunication … national market structure and the transmission technique (cable versus mobile). This results in different incentives and …
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