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Niche vs. central firms : technology choice and cost-price dynamics in a differentiated oligopoly
Bacchiega, Emanuele; Garella, Paolo G. - 2018
This paper is about technology choices in a differentiated oligopoly. The main questions are: whether the position in … the product space affects the choice of technology, how changes in fixed costs affect price outcomes, the strategic … responses to policy interventions. The industry is an oligopoly where a central firm is competing with two peripheral (or …
Persistent link: https://www.econbiz.de/10011938689
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Number of firms, rationing, matching, and knowledge : a comprehensive study of variations in experimental Kreps-Scheinkman markets
Jacobs, Martin - 2016
This study provides a comprehensive picture of experimental Kreps-Scheinkman markets with capacity choice in the first stage and subsequent price competition at the second. We conduct seven different treatments of such markets, varying the number of firms, the demand rationing scheme, the...
Persistent link: https://www.econbiz.de/10011411149
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Strategic data sales to competing firms
Delbono, Flavio; Reggiani, Carlo; Sandrini, Luca - 2021
The unprecedented access of firms to consumer level data facilitates more precisely targeted individual pricing. We study the incentives of a data broker to sell data about a segment of the market to three competing firms. The segment only includes a share of the consumers in the market around...
Persistent link: https://www.econbiz.de/10012695129
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Number of firms, rationing, matching, and knowledge: A comprehensive study of variations in experimental Kreps-Scheinkman markets
Jacobs, Martin - 2016
This study provides a comprehensive picture of experimental Kreps-Scheinkman markets with capacity choice in the first stage and subsequent price competition at the second. We conduct seven different treatments of such markets, varying the number of firms, the demand rationing scheme, the...
Persistent link: https://www.econbiz.de/10011412815
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Numerical Calculation of an Asymmetric Supply Function Equilibrium with Capacity Constraints
Holmberg, Pär - 2005
Producers submit committed supply functions to a procurement auction, e.g. an electricity auction, before the uncertain demand has been realized. In the Supply Function Equilibrium(SFE), every firm chooses the bid maximizing his expected profit given the bids of the competitors. In case of...
Persistent link: https://www.econbiz.de/10010321539
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Some Inequalities related to the analysis of electricity auctions
Hästö, Peter; Holmberg, Pär - 2005
Most balaning markets of electric power are organized as uniform-price auctions. In 2001, the balancing market of England and Wales switched to a pay-as-bid auction with the intention of reducing wholesale electricity prices. Numerical simultations of an electricity auction model have indicated...
Persistent link: https://www.econbiz.de/10010321551
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Asymmetric Supply Function Equilibrium with Constant Marginal Costs
Holmberg, Pär - 2005
In a real-time electric power auction, the bids of producers consist of committed supply as a function of price. The bids are submitted under uncertainty, before the demand by the Independent System Operator has been realized. In the Supply Function Equilibrium (SFE), every producer chooses the...
Persistent link: https://www.econbiz.de/10010321577
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Comparing Supply Function Equilibria of Pay-as-Bid and Uniform-Price Auctions
Holmberg, Pär - 2005
This paper derives a Supply Function Equilibrium (SFE) of a pay-as-bid auction, also called discriminatory auction. Such an auction is used in the balancing market for electric power in Britain. For some probability distributions of demand a pure-strategy equilibrium does not exist. If demand...
Persistent link: https://www.econbiz.de/10010321609
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Unique Supply Function Equilibrium with Capacity Constraints
Holmberg, Pär - 2004
Consider a market where producers submit supply functions to a procurement auction - e.g. an electric power auction - under uncertainty, before demand has been realized. In the Supply Function Equilibrium (SFE), every firm commits to the supply function maximizing his expected profit given the...
Persistent link: https://www.econbiz.de/10010321615
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The welfare effects of third-degree price discrimination in a differentiated oligopoly
Adachi, Takanori; Matsushima, Noriaki - 2011
-degree price discrimination in oligopoly. By deriving linear demand from a representative consumer's utility and focusing on the …
Persistent link: https://www.econbiz.de/10010332412