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  1. An oligopoly-fringe model with HARA preferences
    Erschienen: February 2022
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Inspired by empirical evidence from the oil market, we build a model of an oligopoly facing a fringe as well as competition from renewable resources. We explore different subclasses of HARA utility functions (Cobb-Douglas, power and quadratic... mehr

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    Inspired by empirical evidence from the oil market, we build a model of an oligopoly facing a fringe as well as competition from renewable resources. We explore different subclasses of HARA utility functions (Cobb-Douglas, power and quadratic utility) to check the robustness of results found in the previous literature. For isoelastic demand, we characterize the equilibrium extraction rates of the fringe and the oligopolists. There always exists a phase of simultaneous supply of the oligopolists and the fringe, implying an inefficient order of use of resources since the oligopolists have smaller unit extraction costs and carbon emissions than the fringe. We calibrate our model to the oil market to quantify this sequence effect. In our benchmark calibration, we find for the three HARA subclasses that the sequence effect is responsible for almost all of the welfare loss compared to the first-best. It becomes smaller as market power decreases. Furthermore, we show that climate damage and Green Paradox effects depend non-monotonically on the degree of market power.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/252102
    Schriftenreihe: CESifo working paper ; no. 9585 (2022)
    Schlagworte: oligopoly-fringe; climate policy; non-renewable resource; Herfindahl rule; limit pricing; oligopoly; HARA preferences
    Umfang: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  2. Limit pricing and entry game of renewable energy firms into the energy sector
    Erschienen: [2021]
    Verlag:  Sapienza università di Roma, Roma

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    Sprache: Englisch
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    Schriftenreihe: Working paper / Department of Economics and Law, Sapienza University of Rome ; no. 200 (October 2021)
    Schlagworte: Global warming; renewable energy; limit pricing; strategic entry game; non-linearmodel predictive control
    Umfang: 1 Online-Ressource (circa 27 Seiten), Illustrationen
  3. Limit pricing and strategic investment
    Erschienen: October 2022
    Verlag:  nUnimore, Università degli studi di Modena e Reggio Emilia, Dipartimento di economia Marco Biagi, [Modena]

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    Sprache: Englisch
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    Schriftenreihe: DEMB working paper series ; n. 216
    Schlagworte: Entry deterrence; signalling; strategic investment; limit pricing; pooling equilibrium
    Umfang: 1 Online-Ressource (circa 10 Seiten)
  4. The network origins of entry
    Erschienen: 10 May 2023
    Verlag:  Centre for Economic Policy Research, London

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Array ; DP18145
    Schlagworte: Word of mouth; social learning; random network; limit pricing; entry
    Umfang: 1 Online-Ressource (circa 65 Seiten), Illustrationen