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Use of Long-term Auctions for Network Investment

McDaniel, Tanga; Neuhoff, Karsten - Fondazione ENI Enrico Mattei (FEEM) - 2003

Short-term auctions for access to entry terminals of the British gas-network appear to successfully allocate scarce … resources and capture scarcity rent. Now long-term auctions are being introduced to guide future capacity expansion decisions …-term auctions for transmission capacity are not necessarily preferable to regulatory approved capacity expansion. …

Persistent link: https://www.econbiz.de/10005570347

Auctioning Monopoly Franchises: Award Criteria and Service Launch Requirements

Moretto, Michele; Dosi, Cesare - Fondazione ENI Enrico Mattei (FEEM) - 2009

We study the competition to acquire the exclusive right to operate an infrastructure service, by comparing two different specifications for the financial proposals - "lowest price to consumers" vs "highest concession fee", and two alternative contractual arrangements: a contract which imposes...

Persistent link: https://www.econbiz.de/10005012139

Concession Bidding Rules and Investment Time Flexibility

Moretto, Michele; Dosi, Cesare - Fondazione ENI Enrico Mattei (FEEM) - 2007

We study the competition to operate an infrastructure service by developing a model where firms report a two-dimensional sealed bid: the price to consumers and the concession fee paid to the government. Two alternative bidding rules are considered in this paper. One rule consists of awarding the...

Persistent link: https://www.econbiz.de/10005423112

European Natural Gas Seasonal Effects on Futures Hedging

Martínez, Beatriz; Torró, Hipòlit - Fondazione ENI Enrico Mattei (FEEM) - 2015

This paper is the first to discuss the design of futures hedging strategies in European natural gas markets (NBP, TTF and Zeebrugge). A common feature of energy prices is that conditional mean and volatility are driven by seasonal trends due to weather, demand, and storage level seasonalities....

Persistent link: https://www.econbiz.de/10011268587

Concession Length and Investment Timing Flexibility

Moretto, Michele; Alpaos, Chiara D.; Dosi, Cesare - Fondazione ENI Enrico Mattei (FEEM) - 2005

When assigning a concession contract, the regulator faces the issue of setting the concession length. Another key issue is whether or not the concessionare should be allowed to set the timing of new investments. In this paper we investigate the impact of concession length and investment timing...

Persistent link: https://www.econbiz.de/10005385395

A Comparison Between Shale Gas in China and Unconventional Fuel Development in the United States: Health, Water and Environmental Risks

Farah, Paolo D.; Tremolada, Riccardo - Fondazione ENI Enrico Mattei (FEEM) - 2013

are accrued by an extremely limited liberalization of gas prices, lack of technological development, and political hurdles …

Persistent link: https://www.econbiz.de/10010732280

Measuring Service Quality: The Opinion of Europeans about Utilities

Ferrari, P. A.; Salini, S. - Fondazione ENI Enrico Mattei (FEEM) - 2008

This paper provides a comparative analysis of statistical methods to evaluate the consumer perception about the quality of Services of General Interest. The evaluation of the service quality perceived by users is usually based on Customer Satisfaction Survey data and an ex-post evaluation is...

Persistent link: https://www.econbiz.de/10005423197

Consumers’ Attitudes on Services of General Interest in the EU: Accessibility, Price and Quality 2000-2004

Fiorio, Carlo; Florio, M.; Salini, S.; Ferrari, P. - Fondazione ENI Enrico Mattei (FEEM) - 2007

, vertical disintegration, liberalization. …

Persistent link: https://www.econbiz.de/10005423199

The Value of Flexibility in the Italian Water Service Sector: A Real Option Analysis

Moretto, Michele; Chiara D’Alpaos - Fondazione ENI Enrico Mattei (FEEM) - 2004

We analyze the optimal investment strategy of a monopolist which has subscribed a concession contract to provide a public utility, i.e. water service. We present a strategic model in which a monopolist chooses both the timing of the investment and the capacity. We focus not only on the value of...

Persistent link: https://www.econbiz.de/10005570375

Comparing Price and Non-price Approaches to Urban Water Conservation

Olmstead, Sheila M.; Stavins, Robert N. - Fondazione ENI Enrico Mattei (FEEM) - 2008

Urban water conservation is typically achieved through prescriptive regulations, including the rationing of water for particular uses and requirements for the installation of particular technologies. A significant shift has occurred in pollution control regulations toward market-based policies...

Persistent link: https://www.econbiz.de/10004965209