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An Economic View of Corporate Social Impact
Allcott, Hunt; Montanari, Giovanni; Ozaltun, Bora; Tan, … - National Bureau of Economic Research - 2023
The growing discussions of impact investing and stakeholder capitalism have increased interest in measuring companies' social impact. We conceptualize corporate social impact as the welfare loss that would be caused by a firm's exit. To illustrate, we quantify the social impacts of 74 firms in...
Persistent link: https://www.econbiz.de/10014421228
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The effect of market power on electricity storage utilization : the case of pumped hydro storage in Germany
Schill, Wolf-Peter; Kemfert, Claudia - 2009
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/10003898588
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Profitable horizontal mergers without cost advantages : the role of internal organization, information, and market structure
Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001
Merged firms are typically rather complex organizations. Accordingly, merger has a more profound effect on the structure of a market than simply reducing the number of competitors. We show that this may render horizontal mergers profitable and welfare-improving even if costs are linear. The...
Persistent link: https://www.econbiz.de/10011398061
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Flow-based market coupling : what drives welfare in Europe's electricity market design?
Voswinkel, Simon; Felten, Björn; Felling, Tim; Weber, … - 2019
Due to the call for further integration of European markets and the targeted climate goals, both European electricity systems and markets have undergone continuous changes over the last few decades. As part of these developments, the so-called Flow-Based Market Coupling (FBMC) superseded the...
Persistent link: https://www.econbiz.de/10012038962
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Multimarket linkages, cartel discipline and trade costs
Agnosteva, Delina; Syropoulos, Constantinos; Yotov, Yoto V. - 2017
. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are … strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not … costs exert a negative and significant effect on cartel discipline. In turn, cartel discipline has a negative and …
Persistent link: https://www.econbiz.de/10011781965
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Tacit collusion over foreign direct investment under oligopoly
Collie, David R. - 2009
A two-country model of the FDI versus export decisions of firms is analysed. The analysis considers both the Cournot duopoly and the Bertrand duopoly models with differentiated products. It is shown that the static game is often a prisoners' dilemma where both firms are worse off when they both...
Persistent link: https://www.econbiz.de/10003854272
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Preferential trade liberalization with endogenous cartel discipline : implications for welfare and optimal trade policies
Agnosteva, Delina; Syropoulos, Constantinos; Yotov, Yoto - 2020
We consider an international cartel whose members interact repeatedly in their own as well as in third …-country segmented markets. Cartel discipline-an inverse measure of the degree of competition between firms-is endogenously determined by … the cartel’s incentive compatibility constraint (ICC), which links strategically markets that are seemingly unrelated …
Persistent link: https://www.econbiz.de/10012287796
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Entry regulations, welfare and determinants of market structure
Maican, Florín G.; Orth, Matilda - 2015
We use a dynamic oligopoly model of entry and exit with store-type differentiation to evaluate how entry regulations affect profitability, market structure and welfare. Based on unique data for all retail food stores in Sweden, we estimate demand, recover variable profits, and estimate entry...
Persistent link: https://www.econbiz.de/10011412927
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Conjectural cost variations in a differentiated good oligopoly
Jurgan, Jens (contributor) - 2009
In the homogenous good case, the relationship between market structure and efficiency was studied extensively. Assuming a standard quadratic utility with quantity competition, this paper carries on the analysis in a differentiated good context. It can be shown that there is a positive...
Persistent link: https://www.econbiz.de/10003811819
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Cost variations in a differentiated good oligopoly
Jurgan, Jens - 2009 - This draft: November 13th, 2009
In the homogenous good case the impact of a marginal cost variation on consumer surplus, industry profits and social surplus was studied in extensive manner. Assuming quantity competition and a standard quadratic utility this paper carries on this analysis in a differentiated good context. In...
Persistent link: https://www.econbiz.de/10003843417