scholarly journals OPEC's Market Power: An Empirical Dominant Firm Model for the Oil Market

2014 ◽  
Author(s):  
Rolf Golombek ◽  
Alfonso Irarrazabal ◽  
Lin Ma
Keyword(s):  
Market Power ◽  
Dominant Firm ◽  
Oil Market ◽  
Firm Model

scholarly journals OPEC's market power: An empirical dominant firm model for the oil market

2018 ◽  
Vol 70 ◽  
pp. 98-115 ◽  
Author(s):  
Rolf Golombek ◽  
Alfonso A. Irarrazabal ◽  
Lin Ma
Keyword(s):  
Market Power ◽  
Dominant Firm ◽  
Oil Market ◽  
Firm Model

scholarly journals OPEC's Market Power: An Empirical Dominant Firm Model for the Oil Market

2013 ◽  
Author(s):  
Rolf Golombek ◽  
Alfonso Irarrazabal ◽  
Lin Ma
Keyword(s):  
Market Power ◽  
Dominant Firm ◽  
Oil Market ◽  
Firm Model

SPATIAL COMPETITION, PRICING, AND MARKET POWER IN TRANSPORTATION: A DOMINANT FIRM MODEL

2008 ◽  
Vol 48 (2) ◽  
pp. 367-397 ◽  
Author(s):  
Simon P. Anderson ◽  
Wesley W. Wilson
Keyword(s):  
Market Power ◽  
Spatial Competition ◽  
Dominant Firm ◽  
Firm Model

Uses of Competitive Adjustment Weights in Analyzing Dominant Firm Model

2014 ◽  
Author(s):  
Naresh C. Mallick
Keyword(s):  
Dominant Firm ◽  
Firm Model

scholarly journals Do Mergers Lead to Monopoly in the Long Run? Results from the Dominant Firm Model

10.3386/w9151 ◽  
2002 ◽  
Author(s):  
Gautam Gowrisankaran ◽  
Thomas Holmes
Keyword(s):  
Dominant Firm ◽  
Long Run ◽  
Firm Model

The Dominant Firm: A Study of Market Power

1984 ◽  
Vol 51 (2) ◽  
pp. 628
Author(s):  
Stephen Martin ◽  
Alice Patricia White
Keyword(s):  
Market Power ◽  
Dominant Firm

scholarly journals Market Power in Output and Emissions Trading

Games ◽  
2020 ◽  
Vol 11 (4) ◽  
pp. 43
Author(s):  
Francisco J. André ◽  
Luis Miguel de Castro
Keyword(s):  
Market Power ◽  
Emissions Trading ◽  
Strategic Behavior ◽  
Cournot Model ◽  
Ceteris Paribus ◽  
Dominant Firm ◽  
Initial Allocation ◽  
Permit Price ◽  
Permit Allocation ◽  
Output Market

This article focuses on the strategic behavior of firms in the output and the emissions markets in the presence of market power. We consider the existence of a dominant firm in the permit market and different structures in the output market, including Cournot and two versions of the Stackelberg model, depending on whether the permit dominant firm is a leader or a follower in the output market. In all three models, the firm that dominates the permit market is more sensitive to its initial allocation than its competitor in terms of abatement and less sensitive in terms of output. In all three models, output is decreasing and the permit price is increasing in the permit dominant firm’s initial allocation. In the Cournot model, permit dominance is fruitless in terms of output and profit if the initial allocation is symmetric. Output leadership is more relevant than permit dominance since an output leader always tends to, ceteris paribus, produce more and make more profit whether it also dominates the permit market or not. This leadership can only be overcompensated for by distributing a larger share of permits to the output follower, and only if the total number of permits is large enough. In terms of welfare, Stackelberg is always superior to Cournot. If the initial permit allocation is symmetric, welfare is higher when the same firm dominates the output and the permit market at the same time.

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