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important distinctive features: First, their cost pattern is characterized by high investment and negligible variable costs and … analyze the role of RES in electricity markets focusing on the interplay of investment and dispatch decisions under different … levels of market competitiveness and different support schemes; namely, feed-in tariff, feed-in premium, and investment …
Persistent link: https://www.econbiz.de/10012007426
Persistent link: https://www.econbiz.de/10011404733
In this paper we analyze the dynamics of an R&D differential game allowing for technological spillovers and sigmoid learning functions of multiproduct oligopolies. We demonstrate how the presence of learning together with spillovers may generate a rich set of outcomes, varying from constant...
Persistent link: https://www.econbiz.de/10012965927
We study a stochastic dynamic game of process innovation in which firms can initiate and terminate R&D efforts and production at different times. We discern the impact of knowledge spillovers on the investments in existing markets, as well as on the likely structure of newly forming markets, for...
Persistent link: https://www.econbiz.de/10010395083
In this paper we analyze the dynamics of an R&D differential game allowing for technological spillovers and sigmoid learning functions of multiproduct oligopolies. We demonstrate how the presence of learning together with spillovers may generate a rich set of outcomes, varying from constant...
Persistent link: https://www.econbiz.de/10011606092
investment, stochastic revenue flow rates generated from the product, and hazard rates of success of R&D efforts of the two firms …
Persistent link: https://www.econbiz.de/10013008394
This paper considers an infinitely repeated three-player Bayesian game with lack of information on two sides, in which an informed player plays two zero-sum games simultaneously at each stage against two uninformed players. This is a generalization of Aumann, Maschler and Stearns (1995)...
Persistent link: https://www.econbiz.de/10012841729
We revisit the relationship between market power and firms' investment incentives in a noncooperative differential …
Persistent link: https://www.econbiz.de/10013051215
In this paper we analyse a dynamic model of investment under uncertainty in a duopoly, in which each firm has an option …. A simulation-based numerical example illustrates the model and shows the relative likelihoods of investment taking place …
Persistent link: https://www.econbiz.de/10011284232
We investigate a linear state dfferential game describing an asymmetric Cournot duopoly with capacity accumulation à la Ramsey and a negative environmental externality (pollution), in which one of the firms has adopted corporate social responsibility (CSR) in its statute, and therefore includes...
Persistent link: https://www.econbiz.de/10011729939