\u2460\u201cEmpirical Analyses of Firms’ Strategic Decisions: Durability and Electricity Markets\u201d
\nTakeshi FUKASAWA (Assistant Professor, WIAS, Waseda University)<\/p>\n
Abstract:
\nFirms\u2019 strategies, such as pricing and product introduction decisions, affect both economic activity and the environment. In this sense, a deeper understanding of firms\u2019 strategic behavior is essential for designing effective environmental policies. This presentation introduces two empirical studies on durability and electricity markets, building on and extending empirical methods developed in the Industrial Organization literature in economics.<\/p>\n
The first study investigates firms’ incentives to sell high-durability products and the associated welfare implications. While higher durability may reduce future replacement demand and firms\u2019 profits, it has recently attracted increasing attention from the perspective of the circular economy. The study develops a dynamic structural model of forward-looking firms and consumers to provide an empirical framework for analyzing durability choices and their welfare implications, using the light bulb market as an empirical application.<\/p>\n
The second study examines the strategic behavior of power generating firms in wholesale electricity markets, particularly in relation to fuel prices and market power. The study develops a novel identification and estimation method for thermal power plants\u2019 marginal costs and markups without imposing assumptions on firms’ exercise of market power. The empirical analysis finds evidence of non-negligible markups and incomplete, firm-specific pass-through of LNG fuel prices into marginal costs. The firm-specific nature of fuel price pass-through suggests incomplete arbitrage in fuel transactions, and the study further discusses its potential causes and consequences, including inefficient operation of thermal generation units.<\/p>\n
\u2461 \u201cTBA\u201d
\nDr. Milan Scasny (Charles University, Prague)<\/p>\n
\u53f8\u4f1a \/ Moderator
\n\u8fd1\u85e4 \u5eb7\u4e4b \/ Yasushi Kondo (\u65e9\u7a32\u7530\u5927\u5b66\u00a0 \u6559\u6388 \/ Professor, Waseda University)<\/p>\n
\u2460 \u201cEmpirical Analyses of Firms’ Strategic Decisions: Durability and Electricity Markets\u201d \u2461 \u201cTBA\u201d Takeshi FUKASAWA<\/strong>\u3000(Assistant Professor, WIAS, Waseda University)<\/strong><\/p>\n Takeshi Fukasawa is an Assistant Professor at the Waseda Institute for Advanced Study (WIAS), Waseda University. He earned his Bachelor of Science in 2019 and a Ph.D. in Economics in 2024, both from the University of Tokyo. His research focuses on industrial organization and related fields, with particular interests in durability, energy efficiency, and dynamic demand. He also studies computationally efficient numerical methods for solving models and estimating parameters.<\/p>\n Dr. Milan Scasny\u00a0 (<\/strong>Charles University, Prague)<\/strong><\/p>\n Senior Research Fellow & Head of Environmental Economics & Sociology Group, Charles University Environment Center \/ Lecturer, Charles University, Institute of Economic Studies at Faculty of Social Sciences \/ Researcher, University of Warsaw, Faculty of Economic Sciences, Warsaw, Poland<\/p>\n 2026\u5e746\u670810\u65e5\uff08\u6c34\uff0917:00\uff5e19:00 \/ June 10, 2026 (Wed.) 17:00 \u2013 19:00<\/p>\n \u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u958b\u50ac \u5b66\u90e8\u751f\u3001\u5927\u5b66\u9662\u751f\u3001\u6559\u54e1\u3001\u7814\u7a76\u8005\u3001\u4e00\u822c \u82f1\u8a9e \/ English<\/p>\n \u65e9\u7a32\u7530\u5927\u5b66 \u9ad8\u7b49\u7814\u7a76\u6240 \/ Waseda Institute for Advanced Study (WIAS)<\/p>\n \u65e9\u7a32\u7530\u5927\u5b66 \u74b0\u5883\u7d4c\u6e08\u30fb\u7d4c\u55b6\u7814\u7a76\u6240 \/ Research Institute for Environmental Economics and Management \u8981\u4e8b\u524d\u767b\u9332\u3000\u4ee5\u4e0b\u30ea\u30f3\u30af\u3088\u308a\u304a\u7533\u8fbc\u307f\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002
\nTakeshi FUKASAWA (<\/strong>Waseda University WIAS, Assistant Professor)<\/strong><\/p>\n
\nDr. Milan Scasny (<\/strong>Charles University, Prague)<\/strong><\/p>\n\u767b\u58c7\u8005 \/ Speakers<\/h5>\n
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