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A look upstream : electricity market restructuring, risk, procurement contracts and efficiency
Di Maria, Corrado; Lange, Ian; Lazarova, Emiliya A. - 2014 - This version: November 25, 2014
This paper analyzes theoretically and empirically how upstream markets are affected by deregulation downstream. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated firms respond to this increase in uncertainty by...
Persistent link: https://www.econbiz.de/10010464693
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Privatization experiences in France
Berne, Michel; Pogorel, Gérard - 2004
France lived through a long period of nationalization until the early 1980s, when nearly all the largest industrials firms as well as all the banks and public services were state-owned. Since then, a series of privatization moves have caused the state sector to shrink. Public services present a...
Persistent link: https://www.econbiz.de/10011401332
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Privatisation policy in Spain : stuck between liberalisation and the protection of nationals interests
Arocena, Pablo - 2004
This paper carries out an overview of the recent history of privatisation in Spain. At this point, the paper focuses on … argued that privatisation policy has been inconsistent with the liberalising measures, reflecting the conflict between the … empirical evidence on the economic consequences of privatisation on firms and markets performance, with a particular emphasis on …
Persistent link: https://www.econbiz.de/10011401386
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Network utilities in the U.S. : sector reforms without privatization
Vogelsang, Ingo - 2004
U.S. network industry reforms led other countries in the past, but have recently run into difficulties in specific areas. In particular, the U.S. telecommunications sector was hit by a deep crisis and electricity reforms suffered under the California disaster. Part of the explanation for these...
Persistent link: https://www.econbiz.de/10011402612
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Liberalizing Russian gas markets : an economic analysis
Aune, Finn Roar; Golombek, Rolf; Hallre, Hilde; Moe, Arild - 2015
The Russian gas market is highly regulated. In this paper we examine possible impacts of regulatory changes on the demand side of this market. In particular, we consider the effects on Russian energy consumers of removing natural gas subsidies, and how changes in Russian gas consumption may...
Persistent link: https://www.econbiz.de/10010533092
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The energy community and the grid
Gautier, Axel; Jacqmin, Julien; Poudou, Jean-Christophe - 2023
Renewable energy communities involve various agents who decide to jointly invest in renewable production units and storage. This paper examines how these communities interact with the energy system and can decrease its overall cost. First, we show that a renewable energy community can contribute...
Persistent link: https://www.econbiz.de/10013536160
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A fair price for energy? : ownership versus market opening in the EU15
Fiorio, Carlo V.; Florio, Massimo - 2010
In the past two decades privatisation and liberalisation of network industries providing services of general economic … privatisation and other reforms on consumer prices using both subjective data on consumers' perception of utility prices and data on … average prices paid. -- privatisation ; electricity ; gas ; reforms …
Persistent link: https://www.econbiz.de/10003985907
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Activists versus captured regulators
Daubanes, Julien; Rochet, Jean-Charles - 2013
We analyze the consequences of activism in a regulated industry where the regulator has been captured by the industry. Unlike ordinary economic agents, activists are insensitive to monetary incentives. Moreover, they are less well informed than regulators and their actions generate dead-weight...
Persistent link: https://www.econbiz.de/10010199716
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Privatization in Italy 1993-2002 : goals, institutions, outcomes, and outstanding issues
Goldstein, Andrea - 2003
This paper describes the privatization program in Italy during the 1990s and puts that policy in the context of macroeconomic adjustment, general market deregulation, and promotion of private investment in the provision of public infrastructure. The wave of state divestitures reached Italy later...
Persistent link: https://www.econbiz.de/10011507688
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External constraints matter for privatizations
Petrarca, Ilaria; Ricciuti, Roberto - 2014
. Despite much has been said on the broad topic of reforms and regulation, a sector-specific insight is missing. We replicate …
Persistent link: https://www.econbiz.de/10010426052