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354 results, from 341
Diskussionspapiere 1214 / 2012

Trade and the Environment: The Role of Firm Heterogeneity

This paper derives a new effect of trade liberalisation on the quality of the environment. We show that in the presence of heterogeneous firms the aggregate volume of emissions is influenced not only by the long-established scale effect, but also by a reallocation effect resulting from an increase in the relative size of more productive firms. We show how the relative importance of these effects, and ...

2012| Udo Kreickemeier, Philipp M. Richter
Externe referierte Aufsätze

How Emission Certificate Allocations Distort Fossil Investments: The German Example

Despite political activities to foster a low-carbon energy transition, Germany currently sees a considerable number of new coal power plants being added to its power mix. There are several possible drivers for this "dash for coal", but it is widely accepted that windfall profits gained through free allocation of ETS certificates play an important role. Yet the quantification of allocation-related investment ...

In: Energy Policy 39 (2011), 4, S. 1975-1987 | Michael Pahle, Lin Fan, Wolf-Peter Schill
Diskussionspapiere 1097 / 2011

How Emission Certificate Allocations Distort Fossil Investments: The German Example

Despite political activities to foster a low-carbon energy transition, Germany currently sees a considerable number of new coal power plants being added to its power mix. There are several possible drivers for this "dash for coal", but it is widely accepted that windfall profits gained through free allocation of ETS certificates play an important role. Yet the quantification of allocation-related investment ...

2011| Michael Pahle, Lin Fan, Wolf-Peter Schill
Diskussionspapiere 1045 / 2010

Joint Customer Data Acquisition and Sharing among Rivals

It is increasingly observable that in different industries competitors jointly acquire and share customer data. We propose a modified Hotelling model with two-dimensional consumer heterogeneity to analyze the incentives for such agreements and their welfare implications. In our model the incentives of firms for data acquisition and sharing depend on the willingness of consumers to switch brands. Firms ...

2010| Nicola Jentzsch, Geza Sapi, Irina Suleymanova
Diskussionspapiere 809 / 2008

Green, Brown, and Now White Certificates: Are Three One Too Many? A Micromodel of Market Interaction

Our paper deals with modeling the effects of introducing a market-based tool for improving end-users' efficiency in an energy market which is already regulated through a cap-and-trade system for green house gas emissions and a quota system meant to improve competitiveness of energy produced using renewable resources. Our results show that the regulation of energy demand achieves its underlying objects ...

2008| Georg Meran, Nadine Wittmann
Diskussionspapiere 423 / 2004

The Incentives for Takeover in Oligopoly

We present a model of takeover where the target optimally sets its reserve price. Under relatively standard symmetry restrictions, we obtain a unique equilibrium. The probability of takeover is only a function of the number of .rms and of the insiders. share of total industry gains due to the increase in concentration. Our main application is to the linear Cournot and Bertrand models. A takeover is ...

2004| Roman Inderst, Christian Wey
Diskussionspapiere 393 / 2003

International Market Integration for Natural Gas? A Cointegration Analysis of Prices in Europe, North America and Japan

We examine the degree of natural gas market integration in Europe, North America and Japan, between the mid 1990's and 2002. The relationship between the international gas marker prices, and their relation to the oil price, are investigated through principal component analysis and Johansen likelihood-based procedures. Both of them show a high level of integration within the European/Japanese and North ...

2003| Guillaume L¿Hégaret, Boriss Siliverstovs, Anne Neumann, Christian von Hirschhausen
Monographien

International Market Integration for Natural Gas? A Cointegration Analysis of Prices in Europe, North America and Japan

Cambridge, MA: CEEPR, 2004, 25 S.
(CEEPR Working Papers ; 2004-002)
| Guillaume L'Hégaret, Boriss Siliverstovs, Anne Neumann, Christian von Hirschhausen
Externe referierte Aufsätze

The Incentives for Takeover in Oligopoly

We present a model of takeover where the target optimally sets its reserve price. Under relatively standard symmetry restrictions, we obtain a unique equilibrium. The probability of takeover is only a function of the number of firms and of the insiders' share of total industry gains due to the increase in concentration. Our main application is to the linear Cournot and Bertrand models. A takeover is ...

In: International Journal of Industrial Organization 22 (2004), 8-9, S. 1067-1089 | Roman Inderst, Christian Wey
Externe referierte Aufsätze

International Market Integration for Natural Gas? A Cointegration Analysis of Prices in Europe, North America and Japan

This paper investigates the degree of integration of natural gas markets in Europe, North America and Japan in the time period between the early 1990s and 2004. The relationship between international gas market prices and their relation to the oil price are explored through principal components analysis and Johansen likelihood-based cointegration procedure. Both of them show a high level of natural ...

In: Energy Economics 27 (2005), 4, S. 603-615 | Boriss Siliverstovs, Guillaume L'Hégaret, Anne Neumann, Christian von Hirschhausen
354 results, from 341
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