areas. In particular, the U.S. telecommunications sector was hit by a deep crisis and electricity reforms suffered under the … experiences in other areas suggesting that competition could provide large benefits to hitherto regulated utilities in local … telephony and the electricity sector. Part of the explanation lies in an underestimate of the coordination problems, resulting …

Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from … lower electricity prices. Even with multiple market failures, emissions pricing remains the single most cost …

I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot … generation, and intersecting it with residual demand for fossil-based electricity for every hour. Determining the marginal … electricity prices by at least 84 %, with a central range of 98 %–104 % for different load periods. My results suggest that there …

, however, be observed across countries and sectors. We focus on electricity and gas sectors because energy sectors have usually …

This paper investigates competition between health insurance companies under different financing regulations. We … consider two alternatives advanced in recent German health care reform discussions: competition by contribution rates (health … contributions) and by fees (health premia). We find that contribution rate competition yields lower company profits and higher …

of winning and losing in a competition on the willingness to seek further challenges. Participants in a lab experiment … compete in two-person tournaments and are then informed of their score and the outcome of the competition. Conditional on the …