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Renewable support, intermittency and market power: An equilibrium investment approach

Darudi, Ali; Weigt, Hannes - 2019

important distinctive features: First, their cost pattern is characterized by high investment and negligible variable costs and … analyze the role of RES in electricity markets focusing on the interplay of investment and dispatch decisions under different … levels of market competitiveness and different support schemes; namely, feed-in tariff, feed-in premium, and investment …

Persistent link: https://www.econbiz.de/10012140907

The evolution of R&D networks

Dawid, Herbert; Hellmann, Tim - 2012

In this paper, we study a standard Cournot model where firms are able to form bilateral collaboration agreements which lower marginal cost. While a static analysis of such a model can be found in Goyal and Joshi [5], we introduce an evolutionary model. Stable networks (in the static sense)...

Persistent link: https://www.econbiz.de/10010319993

Strategic advertisement with externalities: a new dynamic approach

Joosten, Reinoud - 2007

We model and analyze strategic interaction over time in a duopolis-tic market. Each period the firms independently and simultaneously choose whether to advertise or not. Advertising increases the own immediate sales, but may also cause an externality, e.g., increase or decrease the immediate...

Persistent link: https://www.econbiz.de/10010266695

Aktienkursorientierte Management-Entlohnung: Ein Wettbewerbshemmnis im Boom?

Neubecker, Leslie - 2001

In bisherigen Untersuchungen der Auswirkungen aktienkursorientierter Management-Entlohnung auf den Preiswettbewerb wurden Nachfrageschwankungen nicht berücksichtigt. Der vorliegende Beitrag zeigt, dass Manager auch dann eine größere Kollusionsneigung besitzen als Eigentümer, wenn sich die...

Persistent link: https://www.econbiz.de/10010305014

No information sharing in oligopoly: The case of price competition with cost uncertainty

Hornig, Stephan; Stadler, Manfred - 2000

We show that concealing cost information is a dominant strategy in heterogeneous Bertrand oligopolies. This result enables us to endogenize the number of firms in a market in terms of market size, entry costs, and unit cost uncertainty.

Persistent link: https://www.econbiz.de/10010305054

Informationsaustausch und trotzdem Wettbewerb? Unternehmensverhalten bei Nachfrageunsicherheit

Hornig, Stephan O. - 1999

Unternehmen müssen nicht immer Kollusionsabsichten verfolgen, wenn sie untereinander Informationen austauschen. Dieser Beitrag zeigt, daß bei Nachfrageunsicherheit auch strikt kompetitive Konkurrenten private Informationen bezüglich ihrer Nachfragebedingungen preisgeben. Dies läßt sich in...

Persistent link: https://www.econbiz.de/10010305090

When do firms exchange information?

Hornig, Stephan O. - 2000

This paper further develops the standard modelling of information exchange between firms in the presence of demand uncertainty which applies to firms in new industries and insecure regions or markets. We replace the normal distribution of the random variables, commonly used because of its...

Persistent link: https://www.econbiz.de/10010305097

Dynamic Price Competition with Price Adjustment Costs and Product Differentiation

Vernasca, Gianluigi - 2003

We study a discrete time dynamic game of price competition with spatially differentiated products and price adjustment costs. We characterise the Markov perfect and the open-loop equilibrium of our game. We find that in the steady state Markov perfect equilibrium, given the presence of...

Persistent link: https://www.econbiz.de/10011325148

The strategic effect of debt in dynamic price competition with fluctuating demand

Neubecker, Leslie - 2002

This paper shows that obligations from debt hinder tacit collusion if equity owners are protected by limited liability. In contrast to its advantageous commitment value in short-run competition, leverage reduces profits from infinite interaction. Contrasting uncorrelated shocks with a cyclical...

Persistent link: https://www.econbiz.de/10010305086

Contests with Rank-Order Spillovers

Baye, Michael R.; Kovenock, Dan; de Vries, Casper G. - 2009

This paper presents a unified framework for characterizing symmetric equilibrium in simultaneous move, two-player, rank-order contests with complete information, in which each player's strategy generates direct or indirect affine spillover effects that depend on the rank-order of her decision...

Persistent link: https://www.econbiz.de/10010325768