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Delays in leniency application : is there really a race to the enforcer’s door?

Gärtner, Dennis; Zhou, Jun - 2012 - First version June 2012, Revised November 2012

common beliefs and the existing literature, that conspirators often apply for leniency long after a cartel collapses. We …

Persistent link: https://www.econbiz.de/10009685867

Cartel duration and endogenous private monitoring and communication : an instrumental variables approach

Zhou, Jun - 2012

. Estimating the impact of such collusive practices" - known as the 'lysine strategy profile (LSP)" - on cartel duration is … related to cartel duration. After correction for selectivity in the decision to use the LSP, statistical tests are consistent … with a theoretic prediction that the LSP increases cartel duration. …

Persistent link: https://www.econbiz.de/10009571067

Forward trading and collusion in supply functions

Wölfing, Nikolas - 2019

This paper studies the effect of forward contracts on the stability of collusion among firms, competing in supply functions on the spot market. A forward market can increase the range of discount factors which allow to sustain collusion. On the contrary, collusion is destabilised when a...

Persistent link: https://www.econbiz.de/10011968922

Does a platform monopolist want competition?

Niedermayer, Andreas - 2015

We consider a software vendor first selling a monopoly platform and then an application running on this platform. He may face competition by an entrant in the applications market. The platform monopolist can benefit from competition for three reasons. First, his profits from the platform...

Persistent link: https://www.econbiz.de/10011345756

Merger policy in a quantitative model of international trade

Breinlich, Holger; Nocke, Volker; Schutz, Nicolas - 2015

In a two-country international trade model with oligopolistic competition, we study the conditions on market structure and trade costs under which a merger policy designed to benefit domestic consumers is too tough or too lenient from the viewpoint of the foreign country. Calibrating the model...

Persistent link: https://www.econbiz.de/10011345771

Two-sided markets with pecuniary and participation externalities

Schmidtke, Richard - 2006

The existing literature on two-sided markets addresses participation externalities, but so far it has neglected pecuniary externalities between competing platforms. In this paper we build a model that incorporates both externalities. In our setup differentiated platforms compete in advertising...

Persistent link: https://www.econbiz.de/10010365882

The more the merrier? : on the optimality of market size restrictions

Negenborn, Colin von - 2019 - This draft: September 10, 2019

This paper provides a novel rationale for the regulation of market size when heterogeneous firms compete. A regulator seeks to maximize total welfare by choosing the number of firms allowed to enter the market, e.g. by issuing a certain number of licenses. Opening up the market for more firms...

Persistent link: https://www.econbiz.de/10012108481

Intermittent versus dispatchable power sources : an integrated competitive assessment

Glenk, Gunther; Reichelstein, Stefan - 2021

The cost and revenue earnings potential of alternative power generation sources has shifted considerably in recent years. Here we introduce the concept of Levelized Profit Margins (LPM) to capture the changing unit economics of both intermittent and dispatchable generation technologies. We apply...

Persistent link: https://www.econbiz.de/10012618277

How marginal is lignite? : two simple approaches to determine price-setting technologies in power markets

Germeshausen, Robert; Wölfing, Nikolas - 2019

The parameterisation of energy and climate policies often depends on the technology, which is price-setting in electricity markets. We propose two simple approaches to determine marginal technologies in electricity wholesale from available data. Both approaches are complementary, computationally...

Persistent link: https://www.econbiz.de/10012055621

The welfare effects of persuasion and taxation : theory and evidence from the field

Rodemeier, Matthias; Löschel, Andreas - 2020

How much information should governments reveal to consumers if consumption choices have uninternalized consequences to society? How does an alternative tax policy compare to information disclosure? We develop a price theoretic model of information design that allows empiricists to identify the...

Persistent link: https://www.econbiz.de/10012206579