or positive effects on R&D-investment, respectively. Both possibilities arise in plausible situations, even if one uses … on investment more likely. Extending the basic framework, the paper shows that separation of ownership and control …, endogenous entry and cumulative investments make positive effects of competition on investment more likely. Imperfect upstream …

on own effort and negatively on the effort of competitors. Such auctions arise naturally in the context of investment … the strategic situation of a two-stage game with investment preceding homogenous Bertrand competition. We obtain …

carry out experiments for two-stage games, where R&D investment choices are followed by product market competition. As …

carry out experiments based on two-stage games, where R&D investment choices are followed by product market competition. As …

quality. Under reasonable assumptions on demand, investment incentives turn out to be smaller under vertical separation than … market can sometimes improve incentives. With suitable non-linear access prices investment incentives under separation become …

generation capacity investment and dispatch over the horizon 2010 to 2050. In the framework of the Energy Modeling Forum 28, we … increases by 2050. By contrast, we find no investment into Carbon Capture and Storage (CCS) and a diminishing share of nuclear …

liberalized electricity market is capable of stimulating sufficient investment, there are frequent calls for supporting …

We examine the interplay of endogenous vertical integration and costreducing downstream investment in successive …, we establish the following main results: First, vertical integration increases own investment and decreases competitor … investment (intimidation effect). Second, asymmetric equilibria typically involve integrated firms that invest more into …