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Neff, Cornelia - 1998

overall welfare will decline. …

Persistent link: https://www.econbiz.de/10010405872

Beyond the need to boast : cost concealment incentives and exit in Cournot duopoly

Jansen, Jos - 2009

This paper studies the incentives for production cost disclosure in an asymmetric Cournot duopoly. Whereas the efficient firm (consumers) prefers information sharing (concealment) when the firms choose accommodating strategies in the product market, the firm (consumers) may prefer information...

Persistent link: https://www.econbiz.de/10003877163

Strategic Foundations of Rational Expectations

Barelli, Paulo; Govindan, Srihari; Wilson, Robert - 2022

We study an economy with traders whose payoffs are quasilinear and their private signals are informative about an unobserved state parameter. The limit economy has infinitely many traders partitioned into a finite set of symmetry classes called types. It has a unique rational expectations...

Persistent link: https://www.econbiz.de/10014029999

Coinsurance vs. copayments : reimbursement rules for a monopolistic medical product with competitive health insurers

Cremer, Helmuth; Lozachmeur, Jean-Marie - 2021

Persistent link: https://www.econbiz.de/10012542707

Partial collusion with asymmetric cross-price effects

Savorelli, Luca - 2010

from a theoretical stance how introducing asymmetry in the substitution effects influences the sustainability of collusion … which are asymmetric in magnitude. Within this framework, we study partial collusion using Friedman (1971) solution concept …. Our main result shows that the interval of quantities supporting collusion in the asymmetric setting is always smaller …

Persistent link: https://www.econbiz.de/10011737876

Induced price leadership and (counter-)spying rivals' play under incomplete information

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2019

We analyze spying out a rival's price in a Bertrand market game with incomplete information. Spying transforms a simultaneous into a robust sequential moves game. We provide conditions for profitable espionage. The spied at firm may attempt to immunize against spying by delaying its pricing...

Persistent link: https://www.econbiz.de/10011962353

Transmission capacity constraints and transmission costs on electricity market auctions

Blazquez de Paz, Mario - 2015 - This version: May 28, 2015

Capacity constraints on transmissions of electricity are raising an increasing policy concern as electricity markets are integrated around the world. But our understanding of the workings of such markets is still limited. The purpose of this paper is to highlight the impact of transmission...

Persistent link: https://www.econbiz.de/10010528306

Redispatch in zonal pricing electricity markets

Blazquez de Paz, Mario - 2019 - This version: May, 2019

' welfare and suppliers' profits depend crucially on the type of redispatch design implemented by the auctioneer, and that could …

Persistent link: https://www.econbiz.de/10012007123

Central- versus self-dispatch in electricity markets

Ahlqvist, Victor; Holmberg, Pär; Tangerås, Thomas P. - 2018

In centralized markets, producers submit detailed cost data to the day-ahead market, and the market operator decides how much should be produced in each plant. This differs from decentralized markets that rely on self-commitment and where producers send less detailed cost information to the...

Persistent link: https://www.econbiz.de/10011952122

Auction performance on wholesale electricity markets in the presence of transmission constraints and transmission costs

Blazquez de Paz, Mario - 2015 - This version: December 15, 2015

Electricity markets are becoming more integrated around the world. However, the knowledge of the effects of different auction formats on suppliers' strategies in the presence of transmission constraints and transmission costs is still very limited. In this paper, I analyze the performance of...

Persistent link: https://www.econbiz.de/10011404744