The activities of the water companies in Russia are regulated in order to overcome market failures caused by regional monopolization, information asymmetries and the need to find a balance between the interests of consumers and company objectives for its normal functioning and development. In...

Russia's transition to a market economy has had profound effects on its municipal water and wastewater sector. The country's overall economic downturn and severe fiscal constraints have deprived the municpal water and wastewater companies and local governments of the large subsidies they used to...

Art. 9 der europäischen Wasserrahmenrichtlinie trägt den Mitgliedsstaaten auf, bis 2010 die nationalen Anforderungen an die Entgelte für Wasserdienstleistungen am Prinzip der Kosten-deckung einschließlich Umwelt- und Ressourcenkosten auszurichten, um effiziente Anreize für die Nutzung...

The EU Water Framework Directive stipulates the principle of cost recovery, including environmental and resource costs, for European water services. Yet a definition of member states' precise obligations is highly controversial. This particularly holds true for the question whether the request...

We study the strategic utilization of storage in imperfect electricity markets. We apply a game-theoretic Cournot model to the German power market and analyze different counterfactual and realistic cases of pumped hydro storage. Our main finding is that both storage utilization and...