Results 71 to 80 of about 23,743,848 (267)

Do carbon prices affect stock prices?

Journal of Financial Research, EarlyView.
Abstract We explore how carbon pricing affects corporate financial performance during Phase 3 of the European Union Emissions Trading Scheme (EU ETS). We find that the relationship between carbon prices and stock prices depends critically on the proportion of verified emissions covered by freely allocated ETS allowances: For firms with a greater ...
Patrick Bolton, Adrian Lam, Mirabelle Muûls   +2 more
wiley   +1 more source

Learning from oligopoly rivalry: Implications for business financial statements

Contabilitate şi Informatică de Gestiune, 2019
Research question: Utilizing the tenets of oligopoly competition that is a well-known type of imperfect rivalry, this study is interested in building a financial theory of inter-company price or pricing (ICP) economics and documenting its direct affinity
Mike Onder Kaymaz, Ozgur Kaymaz
doaj   +1 more source

Noncooperative Oligopoly in Markets with a Continuum of Traders [PDF]

In this paper, we study three prototypical models of noncooperative oligopoly in markets with a continuum of traders : the model of Cournot-Walras equilibrium of Codognato and Gabszewicz (1991), the model of Cournot-Nash equilibrium of Lloyd S.
Busetto, Francesca, Codognato, Giulio, Ghosal, Sayantan   +2 more
core  

The role of observability in futures markets [PDF]

, 2006
Allaz (1992) and Allaz and Vila (1993) show that in an oligopolistic industry the introduction of a futures market that operates prior to the spot market induces more competitive outcomes. Hughes and Kao (1997) show that this result presumes that firms’
Ferreira, José Luis
core   +3 more sources

CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective

Journal of Money, Credit and Banking, EarlyView.
Abstract The impact of Central Bank Digital Currency (CBDC) is analyzed in a closed‐economy model with monopolistic competition in banking and where CBDC is an imperfect substitute with bank deposits. The design of CBDC is characterized by its interest rate, its substitutability with bank deposits, and its relative liquidity.
PHILIPPE BACCHETTA, ELENA PERAZZI
wiley   +1 more source

Cournot versus supply functions: what does the data tell us? [PDF]

The liberalization of the electricity sector increases the need for realistic and robust models of the oligopolistic interaction of electricity firms. This paper compares the two most popular models: Cournot and the Supply Function Equilibrium (SFE), and
Bert WILLEMS, Hannes WEIGT, Ina RUMIANTSEVA   +2 more
core   +3 more sources

Cournot-Walras Equilibrium as a Subgame Perfect Equilibrium [PDF]

In this paper, we investigate the problem of the strategic foundation of the Cournot-Walras equilibrium approach. To this end, we respecify a'la Cournot-Walras the mixed version of a model of simultaneous, noncooperative exchange, originally proposed by ...
Busetto, Francesca, Codognato, Giulio, Ghosal, Sayantan   +2 more
core  

Innovation, Licensing, and Competition: Evidence From Genetically Engineered Crops

The Journal of Industrial Economics, EarlyView.
ABSTRACT We provide a novel empirical analysis of the role of technology licensing, between competitors, for genetically engineered (GE) traits in the US seed industry. We extend the standard differentiated‐product Bertrand pricing model to include trait licensing, which permits us to recover marginal costs and (otherwise unobserved) royalty rates ...
GianCarlo Moschini, Edward D. Perry
wiley   +1 more source

Export subsidies, countervailing duties, and welfare

Brazilian Journal of Political Economy, 2005
Using a simple Cournot duopoly model, this paper provides an important policy implication for trade disputes involving export subsidies. In this paper, the possibility that a foreign export subsidy could benefit the domestic country as well as the ...
Yu-Ter Wang
doaj   +1 more source

Partial Privatization in Mixed Duopoly: Comparing Cournot and Stackelberg Models. [PDF]

This paper investigates the optimal partial privatization of a Stackelberg leader in a mixed oligopoly. It builds from Matsumura's duopoly Cournot model (1998) by comparing Cournot and Stackelberg models.
Najiba Benabess
core