A well documented observation is that consumers (and also firms) use high implicit discount rates when deciding about energy conservation investments. This fact is almost universally labelled a 'market failure', which in turn has led many analysts (most famous Amory Lovins) to argue for either...

We investigate intertemporal strategic interactions if monopolies, cartels or oligopolies benefit from firm internal as well as external learning by doing. The analysis is carried out for learning cost curves based on the standard power and a linear function. The first allows for multiple long...

Gas is an interesting example in which the market structure cannot be derived from pure economic aspects. Due to huge required investments, substantial transport costs and large heterogeneity in gas deposits and major consumption areas geography is very important. Politics also plays an...

We investigate intertemporal strategic interactions if monopolies,cartels or oligopolies benefit from firm internal as well as external learning by doing. Our analysis is carried out for a linear learningcost curve because, it allows the derivation of the linear Markov perfectequilibrium (LMPE)....