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Bilateral information sharing in oligopoly

Currarini, Sergio; Feri, Francesco - 2007

We study the problem of information sharing in oligopoly, when sharing decisions are taken before the realization of private signals. Using the general model developed by Raith (1996), we show that if firms are allowed to make bilateral exclusive sharing agreements, then some degree of...

Persistent link: https://www.econbiz.de/10003912124

Bilateral information sharing in oligopoly

Currarini, Sergio; Feri, Francesco - 2007

Persistent link: https://www.econbiz.de/10009731151

One size may not fit all : welfare benefits and cost reductions with differentiated household electricity rates in a general equilibrium model

Daruwala, Farhad; Denton, Frank T.; Mountain, Dean C. - 2017

quantify the effects of optional pricing on welfare, consumption, and production costs. The model assumes that households can … model offers to each household a menu of possible rate sets obtained by maximizing a collective welfare function subject to … overall consumer welfare and reduce average production cost. However, the distribution of welfare effects can be uneven, with …

Persistent link: https://www.econbiz.de/10011688056

Non-manipulability of Walrasian mechanisms in economies with a large number of objects

Tajika, Tomoya; Kazumura, Tomoya - 2016

We consider a problem of allocating multiple identical objects to a group of agents and collecting payments. Each agent may receive several objects and has quasi-linear preferences with a submodular valuation function. It is known thatWalrasian mechanisms are manipulable. We investigate the...

Persistent link: https://www.econbiz.de/10011477617

Imperfect competition, general equilibrium and unemployment

Gersbach, Hans; Schniewind, Achim - 1999

We analyze whether different learning abilities of firms with respect to general equilibrium effects lead to different levels of unemployment. We consider a general equilibrium model where firms in one sector compete à la Cournot and a real wage rigidity leads to unemployment. If firms consider...

Persistent link: https://www.econbiz.de/10009781719

Environmental taxation and structural change in an open economy : a CGE analysis with imperfect competition and free entry

Böhringer, Christoph; Welsch, Heinz; Löschel, Andreas - 2001

The economic effects of environmental taxes depend on the market structure. Under imperfect competition with free entry and exit, environmental taxes have an impact on economies of scale by changing the number and size of firms. Whether economies of scale rise or fall in a particular industry...

Persistent link: https://www.econbiz.de/10011445696

Environment, imperfect competition, and trade : insights for optimal policy in general equilibrium

Colacicco, Rudy - 2016

Persistent link: https://www.econbiz.de/10011552961

Strategic trade policy in general oligopolistic equilibrium

Colacicco, Rudy - 2013

, countrywide profits, and welfare. Firms face resource constraints and wages are simultaneously determined. Relative to free trade … technology. Domestic welfare is unambiguously penalized. Hence, the general-equilibrium cross-sector perspective goes against the …

Persistent link: https://www.econbiz.de/10011374297

The supply function equilibrium and its policy implications for wholesale electricity auctions

Holmberg, Pär; Newbery, David M. G. - 2009

electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the …

Persistent link: https://www.econbiz.de/10003895566

Imperfectly competitive general equilibria and the choice of price normalization

Stonecash, Robin E. - 1995

Persistent link: https://www.econbiz.de/10000912362

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