investment to build up its network. Assuming a skewed distribution of consumers, our model leads to an asymmetric market … structure with one firm choosing higher investments. While access regulation imposed on the dominant firm leads to lower prices …, positive welfare effects are diminished by strategic investment decisions of the firms. Within a dynamic game with indirect …

This paper compares the outcomes of corporate self-regulation and traditional ex-ante regulation of network access to … monopolistic bottlenecks. In the model of self-regulation, the domestic gas supplier and network owner and the monopsonistic gas …-ante regulation. We find that while industrial self-regulation leads to an exploitation of households, the effect on the foreign …

introduce regulatory lags in the model. A systematic comparison between the results of traditional yardstick regulation and … modified yardstick regulation is carried out. Finally, we discuss the applicability of the mechanism. …

analyses, which were based on simplifying assumptions. We show that a combined merchant-regulatory regulation, which draws on a …

We propose a merchant-regulatory framework to promote investment in the European natural gas network infrastructure … data from the European natural gas market by comparing the bi-level price-cap model with a base case, a no-regulation case …