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Do pay-as-bid auctions favor collusion? Evidence from Germany's market for reserve power

Heim, Sven; Götz, Georg - 2013

We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive behavior in an environment with repeated auctions, pivotal...

Persistent link: https://www.econbiz.de/10010313122

Market Power, Multimarket Contact and Pricing: Some Evidence from the US Automobile Market

Leheyda, Nina - 2008

firm behaviour, which could also facilitate collusion. In other words, it is difficult to argue whether coordination is due …

Persistent link: https://www.econbiz.de/10010298700

Geographical and Multi-product Linkages of Markets: Impact on Firm Equilibrium Interactions (Some Evidence from the European Car Market)

Leheyda, Nina - 2008

This paper aims to study geographical and multi-product linkages of markets (multiple market presence) and firm behaviour interdependence as a result of such linkages existence. In particular, it attempts to answer whether the multimarket linkages lead to more cooperative behaviour among the...

Persistent link: https://www.econbiz.de/10010298701

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 potential deviator sells a significant amount forward. Results do not …

Persistent link: https://www.econbiz.de/10011969225

Do pay-as-bid auctions favor collusion? Evidence from Germany's market for reserve power

Heim, Sven; Götz, Georg - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

Persistent link: https://www.econbiz.de/10010985633

Market Power, Multimarket Contact and Pricing: Some Evidence from the US Automobile Market

Leheyda, Nina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

firm behaviour, which could also facilitate collusion. In other words, it is difficult to argue whether coordination is due …

Persistent link: https://www.econbiz.de/10005098097

Geographical and Multi-product Linkages of Markets: Impact on Firm Equilibrium Interactions (Some Evidence from the European Car Market)

Leheyda, Nina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

Persistent link: https://www.econbiz.de/10005098329

Congestion management games in electricity markets

Ehrhart, Karl-Martin; Eicke, Anselm; Hirth, Lion; … - 2022

This paper proposes a game-theoretic model to analyze the strategic behavior of inc-dec gaming in market-based congestion management (redispatch). We extend existing models by considering incomplete information about competitors' costs and a finite set of providers. We find that these extensions...

Persistent link: https://www.econbiz.de/10013464283

Information asymmetry and search intensity

Atayev, Atabek - 2023

In markets where sellers' marginal costs of production have a common component, they have informational advantage over buyers regarding those costs. This information asymmetry between sellers and buyers is especially relevant in markets where buyers have to uncover prices through costly search....

Persistent link: https://www.econbiz.de/10014426896

Giving away the game? The impact of the disclosure effect on the patenting decision

Heger, Diana; Zaby, Alexandra K. - 2012

This article explores the propensity to patent in the light of the disclosure effect. Unlike earlier approaches concerned with the patenting decision, we take into account that a disclosure effect may decrease the merits of patenting by facilitating inventing around the patent for competitors....

Persistent link: https://www.econbiz.de/10010308259