The purpose of the paper is (1) to analyze the potential and the incentives for a vertically integrated input monopolist to engage in price-discrimination when there is downstream entry, and (2) to examine the question, whether a cost-based regulation of access charges for electricity grids...

This paper investigates the effectiveness of the new Council Regulation (EC) 1/2003 which replaces the mandatory notification and authorization system by a legal exception system. Effectiveness is operationalized via the two subcriteria compliance to Art. 81 EC Treaty and the probabilities of...

Das Paper untersucht zwei Fragen: (1) Wann hat ein Stromnetzbetreiber, der zugleich im nachgelagerten Strommarkt tätig ist (vertikal integrierter Netzbetreiber), einen Anreiz, durch diskriminierende Festsetzung von Netznutzungsentgelten die Konkurrenz im Strommarkt zu behindern? (2) Kann eine...

In this paper we experimentally test a theory of boundedly rational behavior in a "lemons market." We analyzed two different market designs, for which perfect rationality implies complete and partial market collapse, respectively. Our empirical observations deviate substantially from these...