How do government policies and business practices affect the degree of competition in a given market? How does competition, in turn, affect market outcomes, such as prices, innovation and access to services? With funding from the UK Department for International Development, ODI has compared economic performance in four product markets – sugar, cement, beer and mobile phone services – across Ban...

In this paper we describe the IAMwildCAT agent, designed for the TAC Market Design game which is part of the International Trading Agent Competition. The objective of an agent in this competition is to effectively manage and operate a market that attracts traders to compete for resources in it. This market, in turn, competes against markets operated by other competition entrants and the aim is ...

The Power TAC is a competition-based simulation of an electricity market. The goal of the competition is to test retailer (broker) strategies in a competitive environment. Participants create broker agents that trade electricity. In this paper we describe our broker, which we created as a participant of the 2014 Power TAC competition. We describe the strategies for two main components of the ga...

We examine interaction between goods trade and market power in domestic trade and distribution sectors. Theory suggests a linkage between service-sector competition and goods trade, one supported by econometrics involving imports of 22 OECD countries vis-à-vis 69 exporters. This points to linkages between market access conditions for goods and the structure of the service sector. Competition in...

The generator’s competition strategy has become a pressing research field since the opening of power market. In real market situation Generators have to deal with capacity allocation among different markets (i.e. day-ahead spot market, contract market and ancillary service market) and competition strategy optimization simultaneously. However these two interrelated problems have been studied sep...

In this paper, we conduct numerical experiments based upon the oligopolistic model of electricity market proposed in [1]-[2] and applied to the German electricity market. Presently, the German electricity market is shaped by strategic behavior of energy firms so that a perfect competition market has not been reached as yet. An oligopolistic market structure emerges from the analysis and is char...

the law of prohibition of unfair competition prohibits any deed or action which is against the normal competition in the market. before emergence of special laws for protection of intellectual property rights, including trademarks, such right could be protected either by tort law claims or law of unfair competition. however, the law of prohibition of unfair competition covers a wider area than ...

More than one hundred and thirty countries or jurisdictions now have laws that seek to safeguard and foster market competition. At a minimum, such competition laws prohibit agreements among supposed competitors to fix prices, divide markets, or in other ways avoid or undermine market competition. Often, these laws go much further. Many additionally seek to constrain the exercise of market power...