This paper presents a social cost benefit analysis of ownership unbundling (as compared to legal und functional … unbundling) of the electricity transmission system operators in Germany. The study relies on the Residual Supply Index for its … effect of unbundling on capacity are of crucial importance. Overall, for the base-case, the net weighted discounted social …

television regulation in light of these developments. It surveys the dismal empirical record on the effects of price regulation …

The German energy industries will be subjected to regulation of network access enforced by a sector-specific regulator … resulted in a margin squeeze. The government currently discusses whether to use rate-of-return or incentive regulation, to …

and gas. The Paper argues that there is unfinished business in the areas of regulation, restructuring, encouraging proper … risk management through contracting, and designing markets and regulation to ensure effective and sustainable competition …

customers prefer, and the advantages of competition over regulation. …

supplanting the role of regulation. Revised calculations suggest that the benefits of UK electricity privatisation were higher … contracts in Nordic markets, posing questions for regulation in the absence of retail competition. There are alternatives to … regulation of network monopolies. In Australia regulated interconnectors have been less economic than merchant interconnectors …

We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … ask two questions: i) how does capital regulation affect (endogenous) entry; and ii) how do (exogenous) changes in the … competitive environment affect bank monitoring choices and the effectiveness of capital regulation? Our approach deviates from the …

We study the regulation of a utility firm which is active in a competitive unregulated sector as well. If the firm … and quantity competition) and also optimal regulation. Accounting for the several effects of regulation on the unregulated … market, we show the existence of an informational externality, in that regulation provides useful information to the rival …