Showing 1 - 10 of 249
consider improvements to market design and regulation as these two energy markets become increasingly interlinked …
Persistent link: https://www.econbiz.de/10012943388
-of-return regulation is generally thought to result in over investment, while incentive regulation is believed to entail underinvestment …. Yet, previous empirical work has generally found that the introduction of incentive regulation has not systematically …-of-return regulation because investment decisions (what can be included in the rate base) are usually evaluated in a discretionary manner …
Persistent link: https://www.econbiz.de/10013160048
) famously pointed out, providing monetary incentives to blood donors may crowd out blood supply as purely altruistic donors may … types of incentives are related to the likelihood of donating blood by exploiting a large sample representative of 15 …
Persistent link: https://www.econbiz.de/10013122126
subsidies, and how changes in Russian gas consumption may affect its gas export to Europe. We also examine the importance of … Russian pipeline capacity to Europe, as well as impacts of hypothetical changes in Russian gas export behavior. For this … purpose, we use a detailed numerical model for the energy markets in Europe and Russia – LIBEMOD. Our results suggest that …
Persistent link: https://www.econbiz.de/10012971536
Natural gas is likely to become increasingly important in the future. Understanding the stochastic underpinnings of natural gas prices will be critical, both to policy analysts and to market participants. To this end, we investigate the potential presence of jumps in natural gas spot prices in...
Persistent link: https://www.econbiz.de/10013058515
When natural gas prices are subject to periodic decoupling from oil prices, for instance due to peak-load pricing, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences about cointegration relationships, price adjustments...
Persistent link: https://www.econbiz.de/10013026625
interaction between the incentive-compatibility and participations constraints may cause countervailing incentives. In important …
Persistent link: https://www.econbiz.de/10013130418
We study Downsian competition in a Mirrleesian model of income taxation. The competing politicians may differ in competence. If politicians engage in vote-share maximization, the less competent politician's policy proposals are attractive to the minority of rich agents, whereas those of the...
Persistent link: https://www.econbiz.de/10013131548
incidence of domestic violence. Instead, specific measures and incentives may have to be targeted at different types of …
Persistent link: https://www.econbiz.de/10013117362
This paper studies Comprehensive Performance Assessment, an explicit incentive scheme for local government in England. Motivated by a simple theoretical political agency model, we predict that CPA should increase service quality and local taxation, but have an ambiguous effect on the efficiency...
Persistent link: https://www.econbiz.de/10013124097