Issue 4

December 2006
Articles: 

DOES INFORMATION UNDERMINE BRAND? INFORMATION INTERMEDIARY USE AND PREFERENCE FOR BRANDED WEB RETAILERS

Investments in brand, and third-party information, provide alternative methods for convincing potential customers that vendors will deliver as promised.

BIASES IN STATIC OLIGOPOLY MODELS? EVIDENCE FROM THE CALIFORNIA ELECTRICITY MARKET

Estimating market power is often complicated by a lack of reliable marginal cost data.

QUANTIFYING MARKET POWER IN THE GERMAN WHOLESALE ELECTRICITY MARKET USING A DYNAMIC MULTI-REGIONAL DISPATCH MODEL

This paper quantifies the degree of market power in the German wholesale electricity market. A dispatch model simulates competitive marginal costs.

PARALLEL TRADE, INTERNATIONAL EXHAUSTION AND INTELLECTUAL PROPERTY RIGHTS: A WELFARE ANALYSIS

This paper analyses the issue of parallel trade (arbitrage) for products protected by intellectual property rights.

COMPATIBILITY INCENTIVES OF A LARGE NETWORK FACING MULTIPLE RIVALS

Under network effects, we analyze when a firm with the largest market share of installed-base customers prefers incompatibility with smaller rivals that are themselves compatible.

A LOCATION MODEL WITH PREFERENCE FOR VARIETY

We propose a new location model where consumers are allowed to make multiple purchases (i.e., one unit from each firm). This model may fit many markets (e.g.