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Roaming in the Mobile Internet: when coverage sharing agreements call for regulation
(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 ...
How much efficiency gains and price reductions for an efficiency defense? 'Quanto Basta'
(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 ...
Moral Hazard and the Internal Organization of Joint Research
(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 ...
Competitive Pressure and Job Interview Lying: A Game Theoretical Analysis
(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 ...
An austerity-driven energy reform
(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 ...
Understanding Tariff Deficit and its Challenges
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2013-01)
Regulators and market participants have become increasingly concerned about the Spanish electricity tariff deficit due to its size and the difficulties to control its growth. The deficit can be traced to inefficiencies in ...
Resale in Auctions with Financial Constraints
(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 ...
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 ...