We analyze the gross welfare gains from real-time retail pricing in electricity markets where carbon taxation induces investment in variable renewable technologies. Applying a stylized numerical electricity market model, we find a U-shaped ...
German hard coal production ended in 2018, following the termination of subsidies. This paper looks at 60 years of continuous decline of an industry that employed more than 600,000 people, through a case study comparing Germany’s two largest hard ...
Abstract: This paper investigates the determinants of ownership changes of drug candidates in one of the most important current pharma markets —the market for diabetes. We in particular look at how do the competitive circumstances, ...
Abstract: The rise of dominant firms in data driven industries is often credited to their alleged data advantage. Empirical evidence lending support to this conjecture is lacking. In this paper, we show that data as an input into machine ...
Abstract: In online commerce, obfuscation strategies by sellers are hypothesized to mislead consumers to their detriment and to the profit of sellers. One such obfuscation strategy is partitioned pricing in which the price is split into a base ...
Joanna and Christoph will do a joint IOBB to exchange ideas on a possible project on incumbency advantage and mergers in procurement auctions. In the first part of the seminar, they will discuss possible theoreotical explanations and consequences of ...
Abstract: In this paper, we analyze bidding groups that participate in procurement auctions. Our main question is to ask, whether in the absence of the joint bid, there could have been two or more independent bids and if yes, these bids yield a ...
In the closing policy roundtable about Consumer and Competition Policy in Times of Rising Corporate Power, panelists Amelia Fletcher (University of East Anglia and Centre for Competition Policy), Marit Hansen (State of Schleswig-Holstein), Stefan ...
In the first afternoon session, Matthew Gentzkow (Stanford University) and Helen Margetts (University of Oxford) presented their research on the political consequences of corporate power in digital markets.
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