The Mississippi River System Shallow Draft Barge Market – Perfectly Competitive or Oligopolistic?

Perfectly Competitive Innovation

We construct a competitive model of innovation and growth under constant returns to scale. Previous models of growth under constant cannot model technological innovation. Current models of endogenous innovation rely on the interplay between increasing returns and monopolistic markets. In fact, established wisdom claims monopoly power to be instrumental for innovation and sees the non-rivalrous ...

Values of Perfectly Competitive Economies

Optimal Response of an Oligopolistic Generating Company to a Competitive Pool-Based Electric Power Market

The target of an oligopolistic generating company in a pool-based electric power market is to maximize its profits using two related instruments at hand: 1) its ability to modify the market-clearing price and 2) its capability to alter its own production level. Power balance is not an issue for the generating company; the independent system operator ensures power balance considering generator a...

Summer-time Co2 Fluxes and Carbonate System Behavior in the Mississippi River and Orinoco River Plumes

High-resolution underway measurements of surface water pH, CO2 fugacity (fCO2), and total dissolved inorganic carbon (DIC), along with discrete bottle sample analyses from depths, were obtained in July 2005 and September 2006 in the Mississippi River Plume (MRP) and the Orinoco River Plume (MRP). The resulting data were analyzed to compare and contrast the CO2 fluxes and carbonate system behavi...

Oligopolistic Interdependency in a Mixed Market

This paper uses data from Taiwan’s banking sector to investigate if state-owned banks can serve as an internal regulation mechanism to sustain market competition. In contrast to the traditional second-best literature, the evidence shows that a certain degree of market coordination exis ts in the industry, even if the government owns most of the dominant banks in Taiwan.