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Regulation and investment incentives in electricity distribution : an empirical assessment

Cullmann, Astrid; Nieswand, Maria - 2015

's implementation of incentive regulation in 2009 has a negative impact on total investment, and that firms increase their investments … with the German data. The results show that investments increase after incentive regulation, and that the institutional … specific heterogeneity. It should further include all institutional aspects of incentive regulation to design incentives that …

Persistent link: https://www.econbiz.de/10011373911

Productive efficiency and ownership when market restructuring affects production technologies

Cullmann, Astrid; Nieswand, Maria; Rechlitz, Julia - 2017

While the link between the ownership and productive efficiency of firms has been discussed extensively, no consensus exists regarding the superiority of one or the other in non-competitive, regulated environments. This paper applies a flexible production model to test for efficiency differences...

Persistent link: https://www.econbiz.de/10011595498

Productivity in electricity retail after market liberalisation : analysing the effects of ownership and firm's governance structure

Stiel, Caroline; Cullmann, Astrid; Nieswand, Maria - 2015

This paper, which is one of the first to estimate productivity in retail electricity for a European country after liberalisation, analyses the effect of ownership and governance structure by using a unique dataset of German electricity retailers from 2003 to 2012. An innovative service...

Persistent link: https://www.econbiz.de/10011392296

International benchmarking in electricity distribution : a comparison of French and German utilities

Cullmann, Astrid (contributor); Crespo, Hélène (contributor) - 2008

In this paper we present an international cross-country benchmarking analysis for utility regulation of France and …

Persistent link: https://www.econbiz.de/10003779463

Benchmarking and firm heterogeneity in electricity distribution : a latent class analysis of Germany

Cullmann, Astrid - 2009

In January 2009 Germany introduced incentive regulation for the electricity distribution sector based on results … approaches within the incentive regulation schemes. -- Stochastic frontiers ; latent class model ; electricity distribution … ; incentive regulation …

Persistent link: https://www.econbiz.de/10003832698

Technical efficiency and CO2 reduction potentials : an analysis of the German electricity generating sector

Seifert, Stefan; Cullmann, Astrid; Hirschhausen, … - 2014

In this paper, we analyze the technical efficiency of CO2 reduction potentials of German power and heat plants, using a non-parametric sequential Data Envelopment Analysis. We apply a metafrontier framework to evaluate plant-level efficiencies in the transformation of inputs into desirable...

Persistent link: https://www.econbiz.de/10010438038

Innovation, R&D efficiency and the impact of the regulatory environment : a two stage semi-parametric DEA approach

Cullmann, Astrid; Schmidt-Ehmcke, Jens; Zloczysti, Petra - 2009

analysis ; truncated regression ; regulation …

Persistent link: https://www.econbiz.de/10003832741

Overcoming data limitations in nonparametric benchmarking : applying PCA-DEA to natural gas transmission

Nieswand, Maria; Cullmann, Astrid; Neumann, Anne - 2009

regulation ; natural gas transmission …

Persistent link: https://www.econbiz.de/10003915871

Finding the right yardstick : regulation under heterogeneous environments

Bjørndal, Endre; Bjørndal, Mette; Cullmann, Astrid; … - 2016

Revenue cap regulation is often combined with systematic benchmarking to reveal the managerial inefficiencies when … by the Norwegian regulator, we see that the use of conditional benchmarking methods in revenue cap regulation may …

Persistent link: https://www.econbiz.de/10011441462

Information sharing and cross-border entry in European banking

Giannetti, Caterina; Jentzsch, Nicola; Spagnolo, Giancarlo - 2010

Information asymmetries can severely limit cross-border border expansion of banks. When a bank enters a new market, it has incomplete information about potential new clients. Such asymmetries are reduced by credit registers, which distribute financial data on bank clients. We investigate the...

Persistent link: https://www.econbiz.de/10003939712