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Properties of a Non-Competitive Electricity Market Dominated by Hydroelectric Power
Hoel, Michael; Førsund, Finn R. - Fondazione ENI Enrico Mattei (FEEM) - 2004
An important conclusion from the literature on hydropower is that if there are no other constraints than the available water reservoirs for a year, and operating costs are ignored, the competitive (and socially optimal) outcome is characterized by the (present value) price being constant through...
Persistent link: https://www.econbiz.de/10005385330
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Do Consumers Benefit from Concentration in the New Economy? A Review of Google's Mergers, Acquisitions, and Arrangements
Beschorner, Patrick Frank Ernst - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008
!'s search advertising business. Two of the deals have not raised antitrust concerns by competition authorities. I review these …
Persistent link: https://www.econbiz.de/10005098310
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The Virtual Location of E-Tailers: Evidence from a B2C E-Commerce Market
Häring, Julia - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005
analysis, an e-tailer?s Internet search engine rank as well as its advertising activities in search engines serve as proxies … with investments in online advertising. Moreover, banner ads seem to serve as price advertising mechanism, whereas …
Persistent link: https://www.econbiz.de/10005098351
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An economic analysis of online streaming. How the music industry can generate revenues from cloud computing
Thomes, Tim Paul - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
subscribe to a service which provides free-of-charge access to streaming music and which is funded by advertising, or to pay a …-of-charge for subscribers if advertising imposes a weak nuisance to music consumers. If this is the case, and by imposing an … endogenously determined level of advertising which is provided by homogeneous advertisers, we find that a monopolistic streaming …
Persistent link: https://www.econbiz.de/10009211178
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Marketing via Friends: Strategic Diffusion of Information in Social Networks with Homophily
Chuhay, Roman - Fondazione ENI Enrico Mattei (FEEM) - 2010
The paper studies the impact of homophily on the optimal strategies of a monopolist, whose marketing campaign of new product relies on a word of mouth communication. Homophily is a tendency of people to interact more with those who are similar to them. In the model there are two types of...
Persistent link: https://www.econbiz.de/10008674339
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An economic analysis of online streaming: How the music industry can generate revenues from cloud computing
Thomes, Tim Paul - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
subscribe to a service which provides free-of-charge access to streaming music and which is funded by advertising, or to pay a … investigation shows that it can be highly profitable to launch a business which is free-of-charge for subscribers if advertising … advertising which will be provided by homogeneous advertisers, the analysis shows that the monopolistic streaming service …
Persistent link: https://www.econbiz.de/10009283660
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Mitigating market power under tradeable permits
Heindl, Peter - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
As shown by R. Hahn [6], free allocation equal to the amount of permits a firm with market power uses in equilibrium, can prevent welfare losses. If the necessary amount of free allocation is not provided to the firm with market power, a second best solution is obtained where marginal abatement...
Persistent link: https://www.econbiz.de/10010957597
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Sources of spillovers for imitation and innovation
Cappelli, Riccardo; Czarnitzki, Dirk; Kraft, Kornelius - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
We estimate the effect of R&D spillovers on sales realized by products new to the firm (imitation) and new to the market (innovation). It turns out that spillovers from rivals lead to more imitation, while inputs from customers and research institutions enhance original innovation.
Persistent link: https://www.econbiz.de/10010957653
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Formation of Bargaining Networks Via Link Sharing
Priazhkina, Sofia; Page, Frank - Fondazione ENI Enrico Mattei (FEEM) - 2014
This paper presents a model of collusive bargaining networks. Given a status quo network, game is played in two stages: in the first stage, pairs of sellers form the network by signing two-sided contracts that allow sellers to use connections of other sellers; in the second stage, sellers and...
Persistent link: https://www.econbiz.de/10010781881
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A Simple Theory of Predation
Fumagalli, Chiara; Motta, Massimo - Fondazione ENI Enrico Mattei (FEEM) - 2010
We propose a simple theory of predatory pricing, based on scale economies and sequential buyers (or markets). The entrant (or prey) needs to reach a critical scale to be successful. The incumbent (or predator) is ready to make losses on earlier buyers so as to deprive the prey of the scale it...
Persistent link: https://www.econbiz.de/10008489586