Now showing items 1-4 of 4

    • Emissions Trading with Profit-Neutral Permit Allocations 

      Hepburn, Cameron J.; Quah, John K.-H.; Ritz, Robert A. (Faculty of Economics, 2012-08-17)
      This paper examines the impact of an emissions trading scheme (ETS) on equilibrium emissions, output, price, market concentration, and profits in a generalized Cournot model. We develop formulae for the number of emissions ...
    • How do banks respond to increased funding uncertainty? 

      Ritz, Robert A. (Faculty of Economics, 2012-03-07)
      This paper presents a simple model of risk-averse banks that face uncertainty over funding conditions in the money market. It shows that increased funding uncertainty: (i) creates risk-based loan-deposit synergies, (ii) ...
    • Oligopolistic competition and welfare 

      Ritz, Robert A.; Ritz, R. A.; Robert; Ritz (Faculty of Economics, 2016-12-19)
      This chapter provides a selective survey of recent developments in the study of social welfare under oligopoly. The main topics covered are (i) the rate of cost pass through as a tool to analyze market performance; (ii) ...
    • On welfare losses due to imperfect competition 

      Ritz, Robert A. (Faculty of Economics, 2012-07-23)
      Corporate managers and executive compensation in many industries place significant emphasis on measures of firm size, such as sales revenue or market share. Such objectives have an important - yet thus far unquantifed - ...