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Market power in water markets can be modeled as simultaneous quantity competition on a river structure and analyzed by applying social equilibrium. In an example of a duopoly water market, we argue that the lack of backward induction logic implies that the upstream supplier foregoes profitable...
Persistent link: https://www.econbiz.de/10014426327
Multiple Cournot oligopoly experiments found more collusive behavior in markets with fewer firms (Huck et al., 2004 …
Persistent link: https://www.econbiz.de/10013230892
Taking account of sinks credits as agreed in Bonn and Marrakech, this paper illustrates how market power could be exerted in the absence of the US ratification under Annex 1 trading and explores the potential implications of the non-competitive supply behavior for the international market of...
Persistent link: https://www.econbiz.de/10011596604
Persistent link: https://www.econbiz.de/10001674574
Taking account of sinks credits as agreed in Bonn and Marrakech, this paper illustrates how market power could be exerted in the absence of the US ratification under Annex 1 trading and explores the potential implications of the non-competitive supply behavior for the international market of...
Persistent link: https://www.econbiz.de/10014120540
Taking account of sinks credits as agreed in Bonn and Marrakech, this paper illustrates how market power could be exerted in the absence of the US ratification under Annex 1 emissions trading and explores the potential implications of the non-competitive supply behavior for the international...
Persistent link: https://www.econbiz.de/10014109820
This article proposes a two-stage oligopoly model for the crude oil market. In a game of several Stackelberg leaders …
Persistent link: https://www.econbiz.de/10009771871
-researched field in the experimental oligopoly literature. We provide results from an experiment that varies the number of firms as …
Persistent link: https://www.econbiz.de/10011411148
This study is the first to investigate the effect of demand rationing in experimental Bertrand-Edgeworth markets with fixed exogenous capacities. It is found that prices and profits are significantly higher under proportional than under efficient demand rationing. Moreover, the amount of...
Persistent link: https://www.econbiz.de/10011411150
power. Examples include the labor-managed firm, mixed oligopoly, and delegation models. These models typically retain the …
Persistent link: https://www.econbiz.de/10011565597