• norsk
    • English
  • English 
    • norsk
    • English
  • Login
View Item 
  •   Home
  • Norges Handelshøyskole
  • Department of Economics
  • Discussion papers (SAM)
  • View Item
  •   Home
  • Norges Handelshøyskole
  • Department of Economics
  • Discussion papers (SAM)
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Price patterns resulting from different producer behavior in spatial equilibrium

Mathiesen, Lars
Working paper
Thumbnail
View/Open
05_2012.pdf (295.3Kb)
URI
http://hdl.handle.net/11250/163390
Date
2012-03
Metadata
Show full item record
Collections
  • Discussion papers (SAM) [640]
Abstract
We are concerned with economic analyses of markets from the perspective of supporting a decision

maker selling in the market. The competitive pressure and the price formation are central issues. The

goal of this paper is to highlight the remarkably different price patterns obtained from different modes

of seller behavior in a spatial market. This is exemplified by models of price taking versus the

oligopolistic Cournot mode of behavior. Although a particular market, namely the European market

for natural gas is used for illustration, the insights from this exercise apply to any industry where

suppliers have market power, their locations differ, and their costs of supplying individual segments of

the market are non-negligible and differ. When market power is present and one seeks insight into

competition and price formation, details in other dimensions cannot compensate for not modeling the

exertion of market power.
Publisher
Norwegian School of Economics, Department of Economics
Series
Discussion paper;5/2012

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit
 

 

Browse

ArchiveCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsDocument TypesJournalsThis CollectionBy Issue DateAuthorsTitlesSubjectsDocument TypesJournals

My Account

Login

Statistics

View Usage Statistics

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit