Results 61 to 70 of about 619,249 (208)

Privatization Under Political Ties

The Journal of Industrial Economics, EarlyView.
ABSTRACT I study a product differentiation model with endogenous entry where a politically connected public firm competes with a private one. Consumers are heterogeneous in their willingness to pay. I argue that—because of political ties—the public firm may mimic the preferences of the consumer with the median willingness to pay.
Matteo Broso
wiley   +1 more source

Contingent capital: A tale of two valuations

Journal of Risk and Insurance, EarlyView.
Abstract This study investigates the valuation gap between buyers and sellers of insurers' contingent capital, driven by asymmetric exposures to tax benefits, capital injections, and bankruptcy costs. We develop a novel Twin‐Tree Model with Jumps (TTMJ) that models the insurer's asset value dynamics by incorporating catastrophe risk, insolvency risk ...
Tian‐Shyr Dai, Chien‐Ling Lo, You‐Jia Sun, Hao‐Han Chang   +3 more
wiley   +1 more source

Decentralized Peer-to-peer Trading Strategy Considering Flexibility of Multiple Microgrids

Zhongguo dianli
Active distribution network dominated by renewable energy need to incentivize the participation of various distributed energy resources to enhance system flexibility. To address the power fluctuation problems caused by the large-scale access of renewable
Xiaowen HUANGFU, Ke LI, Changqing XU, Xiaoliang JIANG, Haozheng YU, Rujing WANG   +5 more
doaj   +1 more source

Migrant Smuggling to Europe: A Two‐Sector Model With Directed Search

Review of International Economics, EarlyView.
ABSTRACT In the last decade, combating migrant smuggling has emerged as a top priority for the European Union (EU). An idiosyncratic feature of this market is its dual supply‐side organization, comprising a small number of criminal cartels and a large mass of self‐employed smugglers.
Claire Naiditch, Radu Vranceanu
wiley   +1 more source

Non-cooperative Support for the Asymmetric Nash Bargaining solution [PDF]

Our work contributes to the game-theoretic analysis of bargaining by providing additional non-cooperative support to the well-known Nash bargaining solution.
Herings, P. Jean-Jacques, Britz, Volker, Predtetchinski, Arkadi   +2 more
core  

Optimisation Strategy for Electricity–Carbon Sharing Operation of Multi-Virtual Power Plants Considering Multivariate Uncertainties

Energies
Under the goal of “dual carbon”, the power market and carbon market are developing synergistically, which is strongly promoting the transformation of the power system in a clean and low-carbon direction.
Jun Zhan, Mei Huang, Xiaojia Sun, Yubo Zhang, Zuowei Chen, Yilin Chen, Yang Li, Chenyang Zhao, Qian Ai   +8 more
doaj   +1 more source

The Role of Labour Market Institutions in Shaping Euro Area Monetary Policy Transmission

Oxford Bulletin of Economics and Statistics, Volume 88, Issue 5, Page 919-936, October 2026.
ABSTRACT We examine how labour market institutions shape monetary policy transmission in euro area countries. A theoretical model suggests that higher union density flattens the Phillips curve, amplifying output responses while dampening the inflation effects of monetary shocks. This is empirically confirmed using an interacted panel VAR.
Maximilian Boeck, Christian Glocker
wiley   +1 more source

Mergers in the Presence of Adverse Selection

The RAND Journal of Economics, Volume 57, Issue 3, Page 495-514, Autumn (Fall) 2026.
ABSTRACT In the presence of adverse selection, mergers can increase welfare through a reduction in inefficient sorting. I characterize the sorting externality internalized between merging firms in a tractable discrete choice model. Mergers benefit consumers when the firms are small, willingness to pay is moderately increasing in cost, and consumer ...
Conor Ryan
wiley   +1 more source

Nash bargained consumption decisions: a revealed preference analysis. [PDF]

We present a revealed preference analysis of the testable implications of the Nash bargaining solution. Our specific focus is on a two-player game involving consumption decisions.
Cherchye, Laurens, Demuynck, Thomas, De Rock, Bram   +2 more
core   +2 more sources

The Incidence of Coarse Certification: Evidence From the ENERGY STAR Program

The RAND Journal of Economics, Volume 57, Issue 3, Page 545-585, Autumn (Fall) 2026.
ABSTRACT A coarse certification provides simple but incomplete information. Its rationale is to help consumers trade off dimensions of quality that are complex and lack salience. In imperfectly competitive markets, it may induce excess bunching at the certification requirement, crowd out quality, and facilitate price discrimination. Who will ultimately
Sébastien Houde
wiley   +1 more source