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Paul Embrechts
Siège social SCOR, Paris, 10 janvier 2014
Davide Canestraro
Rustam Ibragimov
Marie Kratz (ESSEC Business School)
Viktor Todorov (Northwestern University)
Thomas-Olivier Léautier
n° 13-459, 6 janvier 2014
This article is the first to examine electric power producers' investment decisions when com- petition is imperfect and the transmission grid congested. This analysis yields numerous original insights. First, congestion on the grid is transient, and may disappear when demand is highest. Second,...
2013
Christian Bontemps, Bruno Fenou et Nour Meddahi
Andrea Attar, Soenje Reiche et Roland Strausz
Gary Biglaiser, Jacques Crémer et Gergely Dobos
n° 13-451, décembre 2013, révision octobre 2015
We consider a simple two period model where consumers have different switching costs. Before the market opens, there was an incumbent who sold to all consumers. We identify the equilibrium both with Stackelberg and Bertrand competition and show how the presence of low switching cost consumers...
