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Product Differentiation with Consumer Arbitrage
(2003-03)
We analyze the consequences of consumers behavior concerning personal arbitrage in a spatial discrimination context where firms know the consumers distribution but cannot distinguish them by location. The firms' equilibrium ...
Partial Privatization of State Holding Corporations
(Departamento Fundamentos del Análisis Económico I, 2016-06)
We consider a state holding corporation with two plants that may produce complement or substitute goods and that compete with one or two private firms. We find that the government partially privatizes the two plants of the ...
Economic Integration and Privatization of Publicly-owned Firms
(2001-12)
[EN] We analyse in this paper whether it should be the government of each country that decides whether to privatise a publicly-owned firm (non integration) or whether a supra-national authority should decide whether ...
Relocation and Investment in R&D by Firms
(2011)
The literature on foreign direct investment has analyzed firms’ location decisions when they invest in R&D to reduce production costs. Such firms may set up new plants in other developed countries while maintaining
their ...
Mixed Duopoly, Merger and Multiproduct Firms
(2000-07)
The literature on mergers has extensively analyzed the decision to merge by private firms but it has not considered the decision to merge by private and public firms. We assume that when a private firm and a public firm ...
Mixed Oligopoly and Environmental Policy
(2001-02)
The literature on mixed oligopoly does not consider the role that the environmental policy of the government plays on the decision whether to privatize public firms. Assuming that there are one public firm and n private ...
International Trade and Strategic Privatization
(2001-03)
The literature on mixed oligopoly does not consider that there is strategic interaction between governments when they decide whether to privatize their public firms. In order to analyze this quetion we consider two countries; ...
The Impact of Regulation on Pricing Behavior in the Spanish Electricity Market
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-06)
In this paper we measure the impact of regulatory measures which affected the Spanish electricity wholesale market in the period 2002-2005. Our approach is based on the fact that regulation changes firms' incentives and ...
A Supply Function Competition Model for the Spanish Wholesale Electricity Market
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-10)
We model the Spanish wholesale market as a multiplant linear supply function competition model. According to the theory, the larger generators should have supply curves for each plant which are to the left of the supply ...
Market Power in the Spanish Electricity Auction
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005)
We use hourly bid data from the Spanish day-ahead electricity auction to obtain a lower bound measure of generators' market power. Our method is not based on cost estimates but rather on the different behavior of strategic ...