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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

Cournot meets Bayes-Nash : a discontinuity in behavior in finitely repeated duopoly games

Argenton, Cédric; Ivanova-Stenzel, Radosveta; Müller, … - 2023

We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our treatments include markets with (a) complete cost symmetry and complete information, (b) slight cost asymmetry and complete information, and (c) varying cost asymmetries and...

Persistent link: https://www.econbiz.de/10014487322

Wholesale price discrimination with regulatory asymmetry

Asseyer, Andreas - 2020

This paper studies the welfare effects of wholesale price discrimination between downstream firms operating under different regulatory systems. I model a monopolistic intermediate good market in which production cost differences between downstream firms may be due to regulatory or technological...

Persistent link: https://www.econbiz.de/10012145225

Static Costs vs. Dynamic Benefits of a Minimum Quality Standard under Cournot Competition

Napel, Stefan; Oldehaver, Gunnar - 2007

Imposing a minimum quality standard (MQS) is conventionally regarded as harmful if firms compete in quantities. This, however, ignores dynamic effects. We show that an MQS can hinder collusion, resulting in dynamic welfare gains that reduce and may even outweigh the usual static losses. Verdicts...

Persistent link: https://www.econbiz.de/10012502977

Antitrust and (foreign) innovation : evidence from the Xerox case

Mamrak, Robin - 2023

How does antitrust enforcement against patent-based monopolies affect innovation? I address this question by empirically studying the US antitrust case against Xerox, the monopolist in the market for plain-paper copiers. In 1975, Xerox was ordered to license all its copier-technology patents in...

Persistent link: https://www.econbiz.de/10014479185

Bank mergers in the financial crisis : a competition policy perspective

Hellwig, Michael; Laser, Falk Hendrik - 2019

We analyze a large merger in the Dutch banking market during the financial crisis using disaggregated data. Based on a merger simulation model, we evaluate merger-induced changes in the interest rates for savings accounts. We find that the merging banks decreased interest rates by 3 to 5 percent...

Persistent link: https://www.econbiz.de/10012118754

The banking systems of Germany, the UK and Spain form a spatial perspective : lessons learned and what is to be done?

Flögel, Franz; Gärtner, Stefan - 2018

degree of centralisation. Whereas no such bank exists in the UK any longer and real savings banks in Spain have almost …. Short operational and (especially) functional distance and embeddedness in supportive regional bank associations. Short … regional level and reduce the need for standardisation, centralisation and bank mergers in times when interest rates are low. …

Persistent link: https://www.econbiz.de/10011800413

The banking systems of Germany, the UK and Spain form a spatial perspective : the Spanish case

Gärtner, Stefan; Fernandez, Jorge - 2018

When looking at the Spanish banking market through a German lens, the differences between the banking markets in these countries and between decentralised and centralised systems with regard to the SME]credit decision]making process become obvious. Despite our hypotheses that Spanish savings...

Persistent link: https://www.econbiz.de/10011818385

The banking systems of Germany, the UK and Spain form a spatial perspective : the UK case

Flögel, Franz; Gärtner, Stefan - 2018

. The closure of the very last local savings bank in 2017 marks the preliminary end of traditional regional banking in the … one stroke a regional and public banking group with a substantial market share by restructuring the Royal Bank of Scotland … that could improve SME finance are the so-called challenger banks, a type of bank unknown in Germany. These banks differ in …

Persistent link: https://www.econbiz.de/10011870464

The banking systems of Germany, the UK and Spain form a spatial perspective : the German case

Flögel, Franz; Gärtner, Stefan - 2018

techniques for retail banking, like bank-ICT and rating systems. The detailed comparison of a savings bank with a big bank …

Persistent link: https://www.econbiz.de/10011870467