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Real-time pricing in power markets : who gains?

Boom, Anette; Schwenen, Sebastian - 2012

We examine welfare effects of real-time pricing in electricity markets. Before stochastic energy demand is known …, competitive retailers contract with final consumers who exogenously do not have real-time meters. After demand is realized, two … electricity generators compete in a uniform price auction to satisfy demand from retailers acting on behalf of subscribed …

Persistent link: https://www.econbiz.de/10009666499

Consumer Demand in Two-Sided Markets and the Platform-Specific Nature of Externalities

Ten Kate, Adriaan - 2019

We propose a general framework for consumer demand in two-sided markets, modelling the way externalities between … customer groups affect the price sensitivity of demand on both sides of the market. We define a measure for the strength of the …-sided market demand from normal demand is that services on different sides of the market are complementary when offered by the same …

Persistent link: https://www.econbiz.de/10012871171

Consumer inertia and market power

MacKay, Alexander; Remer, Marc - 2019

We study the pricing decision of firms in the presence of consumer inertia. Inertia can arise from habit formation, brand loyalty, switching costs, or search, and it has important implications for the interpretation of equilibrium outcomes and counterfactual analysis. In particular, consumer...

Persistent link: https://www.econbiz.de/10012064884

Assessing Bank Deposit Market Power Given Limited Consumer Consideration

Abrams, Eliot - 2019

Accurate assessments of bank deposit market power are essential for antitrust and monetary policy. Regulators and researchers have traditionally measured market power assuming all consumers consider every bank operating in a given geographic region. However, these measures are generally biased...

Persistent link: https://www.econbiz.de/10012865380

Search frictions and market power in negotiated price markets

Allen, Jason; Clark, Robert; Houde, Jean-Francois - 2018 - This version: March 12, 2018

We provide a framework for empirical analysis of negotiated-price markets. Using mortgage market data and a search and negotiation model, we characterize the welfare impact of search frictions and quantify the role of search costs and brand loyalty for market power. Search frictions reduce...

Persistent link: https://www.econbiz.de/10011809443

Pricing and regulation in multi-sided markets : implications for payment card networks and smart metering

2011

This thesis strives to offer new insights in two main areas. First, in the well-researched domain of payment cards chapters 2 and 3 investigate an aspect that has hitherto been scantly examined, namely, the fact that merchant usage fees differ substantially among merchant sectors. Additionally,...

Persistent link: https://www.econbiz.de/10009546983

The Rise of Nonbanks and the Quality of Financial Services : Evidence from Consumer Complaints

Degerli, Ahmet; Wang, Jing - 2022

We show that as nonbanks' market share increases in a local residential mortgage market, the quality of mortgage services in the market improves. Two instrumental variable analyses exploiting (1) stress tests conducted by the Federal Reserve, and (2) mortgage industry surety bonds required by...

Persistent link: https://www.econbiz.de/10014239775

Measuring Demand Responses to Wholesale Electricity Prices Using Market Power Indices

Genc, Talat - 2016

We investigate wholesale demand response to hourly price movements in the Ontario wholesale electricity market using … Supplier Index, which are utilized in a Cournot competition model to structurally estimate price elasticity of demand during … hit and natural gas prices plummeted) to measure the demand responses to irregular price movements and find that price …

Persistent link: https://www.econbiz.de/10012995788

Perception is Everything : Risk Salience and FinTech Demand

Freed, Paul G.; Hackney, John - 2022

FinTech demand, and that breaches have negative spillover effects on FinTech service providers …

Persistent link: https://www.econbiz.de/10014238795

Optimal trade policies under product differentiations

Yang, Yong-cong; Nie, Pu-yan - In: Journal of business economics and management 21 (2020) 1, pp. 241-254

This article focuses on the optimal international trade policy considered product differentiations. A duopoly model with a home firm in a developing country and a foreign firm in a developed country is established. The findings indicate that, the optimal tariff relies on the product...

Persistent link: https://www.econbiz.de/10012176224