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Do pay-as-bid auctions favor collusion? : evidence from Germany’s market for reserve power
Heim, Sven; Goetz, 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/10009751726
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Estimating consumer damages in cartel cases
Laitenberger, Ulrich; Smuda, Florian - 2013
We use consumer panel data to calculate the damage suffered by German consumers due to a detergent cartel that was … the period from July 2004 until March 2005. Under the assumptions that the cartel-induced share on turnover is … representative for the entire cartel period and all affected markets, the overall consumer damage would even sum up to about 315 …
Persistent link: https://www.econbiz.de/10010128730
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Cartel overcharges and the deterrent effect of EU competition law
Smuda, Florian - 2012
This paper examines cartel overcharges for the European market. Using a sample of 191 overcharge estimates and several … parametric and semi-parametric estimation procedures, the impact of different cartel characteristics and the market environment ….37 percent of the selling price and the average cartel duration is 8.35 years. Certain cartel characteristics and the geographic …
Persistent link: https://www.econbiz.de/10009572459
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Innovation strategies of German firms : the effect of competition and intellectual property protection
Slivko, Olga - 2012
This article analyzes how the perceived effectiveness of intellectual property protection and competitive pressure affect firms' innovation strategy choices, concretely, whether to abstain from innovation, to introduce products that are known in the market but new to the firm (imitation) or to...
Persistent link: https://www.econbiz.de/10009686719
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Reassessing competition concerns in electronic communications markets
Peitz, Martin; Valletti, Tommaso M. - 2014
Central features of today’s electronic communications markets are complementarities between the different layers of the value chain, substitutability between some applications, network effects in the provision of content and services, two-sided business models that partly involve indirect...
Persistent link: https://www.econbiz.de/10010437054
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Market structure and market performance in e-commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - 2011
We investigate the effect of market structure on market performance in the market for consumer electronics. This research is novel, because we exploit product life cycle information to build an instrumental variable for the number of firms in a market, a variable which hitherto had to be treated...
Persistent link: https://www.econbiz.de/10009424067
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Market structure and market performance in e-commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - 2012 - This version: May 25, 2012
We investigate the effect of market structure on market performance in the market for consumer electronics. This research is novel, because we exploit product life cycle information to build an instrumental variable for the number of firms in a market, a variable which hitherto had to be treated...
Persistent link: https://www.econbiz.de/10010219756
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ICT and the demand for energy : evidence from OECD countries
Rexhäuser, Sascha; Schulte, Patrick; Welsch, Heinz - 2013
This paper analyzes the relationship between information and communication technology (ICT) and energy demand. We construct a comprehensive cross-country cross-industry panel data set covering 13 years, 10 OECD countries, and 27 industries. Using up to 2889 country-industry observations, we find...
Persistent link: https://www.econbiz.de/10010229644
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Catching the rebound : economy-wide implications of an efficiency shock in the provision of transport services by households
Koesler, Simon - 2013
We investigate the rebound effect of a 10% energy cefficiency improvement in the provision of private transport services by German households. In the process, we take into account that household behaviour may be influenced by habits, build on a detailed representation of the provision of private...
Persistent link: https://www.econbiz.de/10010194463
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The effect of regulatory scrutiny asymmetric cost pass-through in power wholesale and its end
Mokinski, Frieder; Wölfing, Nikolas - 2013
We find an asymmetric pass-through of European Emission Allowance (EUA) prices to wholesale electricity prices in Germany and show that this asymmetry has disappeared in response to a report on investigations by the competition authority. The asymmetric pricing pattern, however, was not detected...
Persistent link: https://www.econbiz.de/10009784017