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Persistent link: https://www.econbiz.de/10005770818
We analyse how the wholesale electricity market deregulation could modify exchanges between three Canadian regions … deregulation across the border should not significantly decrease prices in the U.S. regions although the latter are becoming more … electricity market because of the low cost of coal, particularly in Ontario. Environmental concerns and the limited availability …
Persistent link: https://www.econbiz.de/10005696409
We Embed an Efficiency Wage View of the Labor Market a la Shapiro and Stiglitz (1984) Into the Standard Hecksher …
Persistent link: https://www.econbiz.de/10005729723
We provide a representation theorem for risk measures satisfying (i) monotonicity; (ii) positive homogeneity; and (iii) translation invariance. As a simple corollary to our theorem, we obtain the usual representation of coherent risk measures (i.e., risk measures that are, in addition,...
Persistent link: https://www.econbiz.de/10011186229
We provide a representation theorem for risk measures satisfying (i) monotonicity; (ii) positive homogeneity; and (iii) translation invariance. As a simple corollary to our theorem, we obtain the usual representation of coherent risk measures (i.e., risk measures that are, in addition,...
Persistent link: https://www.econbiz.de/10010883524
We consider a market with three competitors, two of which decide to cooperate. Firms first choose capacity under demand … where two airlines jointly choose capacity and divide it among themselves. Contrary to the full merger case, after demand is … revealed the alliance members market their capacity shares independently. Our main result is that the profit of the cooperating …
Persistent link: https://www.econbiz.de/10005696242
We consider a market with three competitors, two of which decide to cooperate. Firms first choose capacity under demand … where two airlines jointly choose capacity and divide it among themselves. Contrary to the full merger case, after demand is … revealed the alliance members market their capacity shares independently. Our main result is that the profit of the cooperating …
Persistent link: https://www.econbiz.de/10005696453
Persistent link: https://www.econbiz.de/10005796012
Persistent link: https://www.econbiz.de/10005796017
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