Publications related to Imperfect competition

Mortgage Supply and Capital Regulation in a Low Interest Rate Environment

Low-for-long nominal interest rates have resulted in strong growth in mort- gage lending and real house prices in Switzerland. Domestically-oriented, small banks have mostly contributed to this expansion in mortgage lending while the two big, global system ...

2020

Product Market Competition and Option Prices

Erwan Morellec

Most firms face some form of competition in product markets. The degree of competition a firm faces feeds back into its cash flows and affects the values of the securities it issues. Through its effects on stock prices, product market competition affects t ...

OXFORD UNIV PRESS INC2019

Aspects of the energy transition and their effects on power systems

Laurent Vincent Pagnier

Most European countries are committed to an energy transition which consists in the substitution of conventional CO2 emitting energy sources by new renewable energy sources (RES), in particular wind and solar power. As opposed to conventional energy source ...

EPFL2019

Verifying Software Network Functions with No Verification Expertise

George Candea, Solal Vincenzo Pirelli, Rishabh Ramesh Iyer, Aikaterini Argyraki, Luis David Figueiredo Mascarenhas Moreira Pedrosa, Matteo Rizzo

We present the design and implementation of Vigor, a software stack and toolchain for building and running software network middleboxes that are guaranteed to be correct, while preserving competitive performance and developer productivity. Developers write ...

ACM2019

Occupant health & well-being in green buildings: Trends and Future Directions

Dusan Licina

Expectations for high performance green buildings have been evolving over the last four decades. Green certification systems define, recognize, and demonstrate leadership in addressing building problems related to people and the environment. These systems ...

2019

Equilibrium Models for Derivatives Markets with Frictions

Yuan Zhang

This thesis develops equilibrium models, and studies the effects of market frictions on risk-sharing, derivatives pricing, and trading patterns. In the chapter titled "Imbalance-Based Option Pricing", I develop an equilibrium model of fragmented options m ...

EPFL2018

Data-Driven Inverse Optimization with Incomplete Information

Daniel Kuhn, Soroosh Shafieezadeh Abadeh, Peyman Mohajerin Esfahani, Grani Adiwena Hanasusanto

In data-driven inverse optimization an observer aims to learn the preferences of an agent who solves a parametric optimization problem depending on an exogenous signal. Thus, the observer seeks the agent's objective function that best explains a historical ...

2018

Equilibrium analysis in multi-echelon supply chain with multi-dimensional utilities of inertial players

Naoufel Cheikhrouhou, Matthias Gurtner, Gajanan Bhanudas Panchal

In a supply chain, the importance of information elicitation from the supply chain players is vital to design supply chain network. The rationality and self-centredness of these players causes the information asymmetry in the supply chain and thus situatio ...

Palgrave Macmillan Ltd2017

Coupled energy economic model framework for analyzing Swiss electricity markets in changing policy environments

Sophie Maire

Energy policy needs to rely on the proper understanding of the interactions between policy instruments, consumer preferences, investment behavior, market structure, electricity supply, and the wider policy environment. This asks for appropriate modeling to ...

EPFL2016

Intermediation in a Sharing Economy: Insurance, Moral Hazard, and Rent Extraction

Thomas Alois Weber

Electronic intermediaries have become pervasive in sales transactions for many durables, such as cars, power tools, and apartments. Yet only recently have they successfully tackled the challenge of enabling parties to share such goods. A key impediment to ...

Routledge Journals, Taylor & Francis Ltd2014

Managing Electricity Sourcing in Europe's Energy Intensive Industry : A Methodology to Develop an Electricity Sourcing Strategy

Luis Treviño Villarreal

Several regulatory changes in Europe's electricity sector have stimulated competition in the market. National power companies, with monopolistic structures, have evolved into competitive entities, creating increased choices for consumers. Electricity price ...

EPFL2011

Strategy construction for parity games with imperfect information

Laurent Doyen

We consider two-player parity games with imperfect information in which strategies rely on observations that provide imperfect information about the history of a play. To solve such games, i.e., to determine the winning regions of players and corresponding ...

2010

Corporate Finance, Asset Returns, and Credit Risk

Philip Valta

This dissertation consists of three chapters. The first chapter empirically investigates how the intensity of product market competition affects the cost of debt. Using a large sample of loans to publicly traded US manufacturing firms, the chapter provides ...

EPFL2010

l1 Regularized Super-resolution From Unregistered Omnidirectional Images

Pascal Frossard, Zafer Arican

In this paper, we address the problemof super-resolution from multiple low-resolution omnidirectional images with inexact registration. Such a problem is typically encountered in omnidirectional vision scenarios with reduced resolution sensors in imperfect ...

2009

Assessing environmental amenities and testing for discrimination in housing markets using hedonic price models

Caroline Schaerer

The present thesis applies the property hedonic price model in order to assess the economic value of environmental amenities and discrimination on the Swiss rental markets of Geneva and Zurich. Indeed, economic textbooks teach that differentials in environ ...

EPFL2008

A two-level dynamic game of carbon emission trading between Russia, China, and Annex B countries

Marc Vielle, Alain Haurie, Alain Bernard

This paper proposes a computable dynamic game model of the strategic competition between Russia and developing countries (DCs), mainly represented by China, on the international market of emission permits created by the Kyoto Protocol. The model uses a for ...

2008

Super-resolution from unregistered omnidirectional images

Pascal Frossard, Zafer Arican

This paper addresses the problem of super- resolution from low resolution spherical images that are not perfectly registered. Such a problem is typically en- countered in omnidirectional vision scenarios with re- duced resolution sensors in imperfect setti ...

2008

How much room is left for European gas incumbents?

Bastian Wolfgang Schwark

In the context of the liberalization of the European natural gas market former monopolists face a challenge to react to market opening by realigning their strategies. Three major groups of companies can be identified that are capable to influence the Europ ...

2007

Do Exudates Mitigate Cd Biouptake by Rhizobacterium Sinorhizobium melilotii?

To better understand the role of exudates in Cd speciation and biouptake by bacterium Sinorhizobium meliloti, the content of different exudate components including siderophores, proteins and polysaccharides were quantified in absence and presence of 10M C ...

2006

Development of a collaborative conceptual desing support system

Duck Young Kim

Most of the life cycle cost of a product can be pre-determined by the end of the conceptual design phase, which begins with the establishment of a function structure by decomposing an overall function into a set of sub-functions. However, today's products ...

EPFL2006