Now showing items 1-20 of 23

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      A note on bargaining power and managerial delegation in multimarket oligopolies 

      Ciarreta Antuñano, Aitor; García Enríquez, Javier; Gutiérrez Hita, Carlos (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012-11)
      In a two-stage delegation game model with Nash bargaining between a manager and an owner, an equivalence result is found between this game and Fershtman and Judd's strategic delegation game (Fershtman and Judd, 1987). ...
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      A Simple Model of Anticompetitive Vertical Integration 

      Sandonís, Joel; Faulí Oller, Ramón (2003-01)
      The result of neutrality of vertical integration for competition postulated by the Chicago School can be supported by a benchmark model with (1) an upstream monopolist, (2) homogeneous goods downstream and (3) observable ...
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      A Supply Function Competition Model for the Spanish Wholesale Electricity Market 

      Ciarreta Antuñano, Aitor; Espinosa Alejos, María Paz (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 ...
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      Ad valorem housing subsidies may reduce house building 

      Usategui Díaz de Otalora, José María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-03)
      In this paper it is shown that an ad valorem housing subsidy set by a central regulator (or a raise in the ad valorem housing subsidy rate) may reduce the number of houses built in the market and increase the price paid ...
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      An austerity-driven energy reform 

      Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2013-12)
      In July 2013, the government approved a major overhaul of the Spanish electricity sector to correct existing imbalances that have led to an exponential increase of regulated electricity costs and a huge tariff deficit. The ...
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      Competitive Pressure and Job Interview Lying: A Game Theoretical Analysis 

      Midjord, Rune (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
      We consider a job contest in which candidates go through interviews (cheap talk) and are subject to reference checks. We show how competitive pressure - increasing the ratio of "good" to "bad" type candi- dates - can ...
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      Computing abuse related damages in the case of new entry: An illustration for the Directory Enquiry Services market 

      Martínez Granado, María Teresa; Siotis, Georges (University of the Basque Country, Department of Foundations of Economic Analysis II, 2006-07)
      A number of European countries, among which the UK and Spain, have opened up their Directory Enquiry Services (DQs, or 118AB) market to competition. We analyse the Spanish case, where both local and foreign firms challenged ...
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      How much efficiency gains and price reductions for an efficiency defense? 'Quanto Basta' 

      Fabrizi, Simona; Lippert, Steffen (University of the Basque Country, Department of Foundations of Economic Analysis II, 2004)
      Potential efficiency gains due to a merger can be used by competition authorities to judge upon proposed mergers. In a world where agents’ efforts, observable or unobservable, affect the success of a production cost reducing ...
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      Market Power in the Spanish Electricity Auction 

      Ciarreta Antuñano, Aitor; Espinosa Alejos, María Paz (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 ...
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      Mergers in Durable Goods Industries 

      Sagasta Elorza, Amagoia; Saracho de la Torre, Ana Isabel (University of the Basque Country, Department of Foundations of Economic Analysis II, 2004)
      This paper is concerned with the study of durability as an aspect of competition and market structure that contributes to determining the incentives for mergers. We find that relative to the incentives in industries that ...
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      Merging to License: Internal vs. External Patentee 

      Sandonís, Joel; Faulí Oller, Ramón (2003-01)
      In this paper, we endogenize the decision of a research laboratory that owns a patented process innovation on whether to remain independent as an external patentee or to merge with a manufacturing firm, becoming an internal ...
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      Moral Hazard and the Internal Organization of Joint Research 

      Fabrizi, Simona; Lippert, Steffen (University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-06)
      This paper analyzes the impact of agency problems on two entrepreneurs’ choice whether to carry out a stand-alone or a joint project. A joint project can be conducted by a single or both entrepreneurs’ research units, which ...
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      Non-Stationary Demand in a Durable Goods Monopoly 

      Usategui Díaz de Otalora, José María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2006-01)
      In a context where demand for the services of a durable good changes over time, and this change may be uncertain, the paper shows that social welfare may be higher when the monopolist seller can commit to any future price ...
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      Optimal overall emissions taxation in durable goods oligopoly 

      Sagasta Elorza, Amagoia; Usategui Díaz de Otalora, José María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
      We analyze optimal second-best emission taxes in a durable good industry under imperfect competition. The analysis is performed for three different types of emissions and for situations where the good is rented, sold or ...
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      Policy Coordination in an Oligopolistic Housing Market 

      Saracho de la Torre, Ana Isabel; Usategui Díaz de Otalora, José María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-03)
      This paper analyzes the consequences of the interaction between two different levels of government (regulators) in the development of housing policy when their decisions determine the level of competition in the housing ...
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      Product Differentiation with Consumer Arbitrage 

      Aguirre Pérez, Iñaki; Espinosa Alejos, María Paz (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 ...
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      Resale in Auctions with Financial Constraints 

      De Frutos, María Ángeles; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
      This paper analyzes auctions where bidders face nancial constraints that may force them to resell part of the property of the good (or subcontract part of a project) at a resale market. First we show that the ine¢ cient ...
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      Roaming in the Mobile Internet: when coverage sharing agreements call for regulation 

      Fabrizi, Simona; Wertlen, Bruno (University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-06)
      We examine competition in Mobile Internet services, when operators bargain over the coverage sharing and their reciprocal roaming charge. Results show that in equilibrium operators cover the overall territory entirely and ...
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      Social Housing under Oligopoly 

      Usategui Díaz de Otalora, José María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-03)
      In this paper it is shown that the setting up of a social housing system may decrease the total number of houses built in the market, induce a price of non-social houses greater than the price of houses without that system ...
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      Strategic Behavior and Collusion: An Application to the Spanish Electricity Market 

      Ciarreta Antuñano, Aitor; Gutiérrez Hita, Carlos (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005)
      The paper has two major contributions to the theory of repeated games. First, we build a supergame oligopoly model where firms compete in supply functions, we show how collusion sustainability is affected by the presence ...