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Honesty in a signaling model of tax evasion

Pruzhansky, Vitaly - 2004

completely characterizes all perfect Bayesian Nash equilibria of the game, assesses their stability and welfare properties. …

Persistent link: https://www.econbiz.de/10011334842

The Effect of Market Power on Electricity Storage Utilization : The Case of Pumped Hydro Storage in Germany

Schill, Wolf-Peter; Kemfert, Claudia - 2009

, depending on policy objectives. We also find that the introduction of electricity storage generally increases overall welfare …

Persistent link: https://www.econbiz.de/10014200939

The effect of market power on electricity storage utilization : the case of pumped hydro storage in Germany

Schill, Wolf-Peter; Kemfert, Claudia - 2009

, depending on policy objectives. We also find that the introduction of electricity storage generally increases overall welfare …

Persistent link: https://www.econbiz.de/10003898588

Profitability of horizontal mergers in the presence of price stickiness

Esfahani, Hamideh - 2011 - This draft: April 2011

In this paper, we investigate the profitability of horizontal mergers of firms with price adjustments. We take a differential game approach and both the open-loop as well as the closed-loop equlibria are considered. We show that the merger incentive is determined by how fast the price adapts to...

Persistent link: https://www.econbiz.de/10011737252

The effect of market power on electricity storage utilization : the case of pumped hydro storage in Germany

Schill, Wolf-Peter; Kemfert, Claudia - 2010 - Updated version March 2010

increases consumer rent and overall welfare. In contrast, electricity producers generally suffer from storage. We also find that … welfare implications. The distribution of storage among players also matters. Accordingly, economic regulation of existing and …

Persistent link: https://www.econbiz.de/10012040651

Estimating Discrete Games with Many Firms and Many Decisions : An Application to Merger and Product Variety

Fan, Ying; Yang, Chenyu - National Bureau of Economic Research - 2022

product entry by non-merging firms. However, these changes are insufficient to offset the negative welfare effects resulting …

Persistent link: https://www.econbiz.de/10013334365

How Merger Synergies Can Harm Consumers : A Defense of the Efficiencies Offense

Ramos, Paulo; Wollmann, Thomas G. - National Bureau of Economic Research - 2024

This paper uses an aggregative games framework to predict consumer welfare when market structure is endogenously … determined. Our main results characterize mergers whose synergies reduce consumer welfare by inducing rivals to exit. The …

Persistent link: https://www.econbiz.de/10014576659

Optimal individual decisions with a psycho-materialistic utility function

Migheli, Matteo - In: International economic journal 30 (2016) 4, pp. 476-487

Persistent link: https://www.econbiz.de/10011704532

Adam Smith's System : A Re-Interpretation Inspired by Smith's Lectures on Rhetoric, Game Theory, and Conjectural History

Ortmann, Andreas; Walraevens, Benoît - 2022

Introduction -- Chapter 1: Schumpeter’s Assessment of Adam Smith and The Wealth of Nations: Why He Got It Wrong -- Chapter 2: Adam Smith's Rhetorical Strategy in The Wealth of Nations, against the Commercial System of Great Britain -- Chapter 3: The Nature and Causes of Corporate Negligence,...

Persistent link: https://www.econbiz.de/10013373462

Shadow investment activity as a factor of macroeconomic instability

Zolkover, Andrii; Georgiev, Marin - In: Financial markets, institutions and risks : FMIR 4 (2020) 4, pp. 83-90

Persistent link: https://www.econbiz.de/10012420338