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The EU faces challenges in reforming the Gas and Electricity Directives to implement the single market in electricity …
Persistent link: https://www.econbiz.de/10005661538
The purpose of this Paper is to study the determinants of the concentration of ownership in a privatized, regulated firm. The discussion illustrates some aspects of the costs and benefits of different corporate systems. Privatized utilities are large firms with professional management: there is...
Persistent link: https://www.econbiz.de/10005123598
applies the methodology to estimate preferences for electricity reliability in Israel. …
Persistent link: https://www.econbiz.de/10005662055
Several regulatory authorities worldwide have recently imposed forward contract obligations on electricity producers as … bidding in electricity markets, or in any other auction-based market. For this purpose, we introduce forward contracts in a …
Persistent link: https://www.econbiz.de/10005136602
Starting in 1998, the electricity market in England and Wales will be opened up to full competition, and all consumers … will be allowed to choose their electricity supplier. This promises to result in lower prices, but there will be additional … are likely to be large transfers from electricity companies (and the coal industry) to consumers, but the companies lose …
Persistent link: https://www.econbiz.de/10005662134
This is a preliminary draft of an Invited Symposium paper for the World Congress of the Econometric Society to be held in Seattle in August 2000. We discuss the strong connections between auction theory and 'standard' economic theory, and argue that auction-theoretic tools and intuitions can...
Persistent link: https://www.econbiz.de/10005792157
We develop a theoretical model of long-run investment decisions on capacity in the context of a liberalized electricity …
Persistent link: https://www.econbiz.de/10005792333
Motivated by the regulatory debate in electricity markets, we seek to understand how market design affects market …
Persistent link: https://www.econbiz.de/10005656328
electricity program allowing us to compute a levelized cost. We identify a modest escalation of capital cost and a larger than … electricity nevertheless remains cheaper. Comparisons with coal, natural gas and wind power are carried out to the advantage of …
Persistent link: https://www.econbiz.de/10011079144
This paper contrasts direct election with political appointment of regulators. When regulators are appointed, regulatory policy becomes bundled with other policy issues for which the appointing politicians are responsible. Since regulatory issues are not salient for most voters, regulatory...
Persistent link: https://www.econbiz.de/10005662098