haku: @freeterm Acquisition / yhteensä: 5
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| Tekijä: | Skaar, J. Sorgard, L. |
| Otsikko: | Temporary bottleneck, hydropower and acquisitions |
| Lehti: | Scandinavian Journal of Economics
2006 : VOL. 108:3, p. 481-497 |
| Asiasana: | oligopoly prices |
| Vapaa asiasana: | acquisition hydropower |
| Kieli: | eng |
| Tiivistelmä: | This paper studies the effects of an acquisition in a hydropower system with temporary bottlenecks by applying a model with four markets, two regions and two time periods. It suggest that in some instances an acquisition leads to larger differences in prices between markets. which gives rise to an increase in deadweight loss. It also suggest that in other instances it leads to a reduction in price differences between markets, particularly if the dominant firm acquires a firm which was active in the market where the dominant firm used to dump its production before acquisition. |
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