Showing 1 - 10 of 3,664
We report results from a Cournot triopoly experiment with different subject pools: German students, Malaysian students …
Persistent link: https://www.econbiz.de/10010298767
In this paper, we develop the game-theoretic electricity market model ElStorM that includes the possibility of strategic electricity storage. We apply the model to the German electricity market and analyze different realistic and counterfactual cases of strategic and non-strategic pumped hydro...
Persistent link: https://www.econbiz.de/10014200939
. -- Electricity market modeling ; pumped hydro storage ; strategic storage ; oligopoly ; market power ; Germany ; ElStorM …
Persistent link: https://www.econbiz.de/10003898588
We develop a game-theoretic electricity market model that allows analyzing strategic electricity storage in an imperfect market setting. We apply the model to Germany and examine different cases of strategic and non-strategic pumped hydro storage operation. We find that introducing storage...
Persistent link: https://www.econbiz.de/10012040651
Using a unique experimental data set, we investigate how asymmetric legal rights shape bargainers’ aspiration levels through moral entitlements derived from equity norms and number prominence. Aspiration formation is typically hard to observe in real life. Our study involves 15 negotiations...
Persistent link: https://www.econbiz.de/10011771180
Using a micro-level dataset of Danish and German wind turbine installations, we estimate a structural oligopoly model …
Persistent link: https://www.econbiz.de/10013067553
In a Stackelberg oligopoly with cost asymmetry and possibility of entry, the Stackelberg leader faces a kinked demand …
Persistent link: https://www.econbiz.de/10014064157
known in the market but new to the firm (imitation) or to introduce market novelties (innovation). Using a sample of 1253 … effectiveness is low or medium, both innovation and imitation are enhanced, whereas if it is high, only innovation is enhanced …. -- Innovation ; imitation ; competitive pressure ; intellectual property protection …
Persistent link: https://www.econbiz.de/10009686719
The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...
Persistent link: https://www.econbiz.de/10011400807