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Regulators have long been aware of the social aspects of communication. In the past, regulated monopolists have provided Universal Service Obligations, typically funded via a system of cross-subsidies. In this paper, we first review the rationale for imposing Universal Service Obligations, based...
Persistent link: https://www.econbiz.de/10011409371
This paper presents new evidence on the question: Why don’t consumers switch electricity contracts? By conducting a … knowledge of the retail electricity market, their beliefs, preferences, and intentions to switch providers. Crucially, I can … matter. These results raise the fundamental question: Why should consumers actively choose electricity contracts? Instead …
Persistent link: https://www.econbiz.de/10014550939
We consider the regulation of a monopoly facing consumers that may evade payments, an important issue in public …
Persistent link: https://www.econbiz.de/10012822098
We consider a model featuring a single-product natural monopoly, which faces evaders, i.e., individuals that may not pay the price. By exerting a costly effort, the firm can deter evasion. To maximize the total surplus, a regulator sets the price, the level of deterrence effort, and socially...
Persistent link: https://www.econbiz.de/10014414300
subsidized entry of wind power in the Nordic electricity market. A relatively small-scale entry of renewables leads to a large … the total electricity market expenditures. The subsidies generate net gains to consumers. We develop an approach to …
Persistent link: https://www.econbiz.de/10011573888
investment. -- regulation ; competition ; market integration ; investment ; electricity …
Persistent link: https://www.econbiz.de/10009571212
entry re-regulation context. In contrast to other entry deterrence models, we are able to investigate how product market …
Persistent link: https://www.econbiz.de/10011539115
and labour market regulation on the capital stock. Several alternative testing methods show that the negative influence of … product and labour market regulation is considerably stronger at higher levels. The paper uncovers important policy …
Persistent link: https://www.econbiz.de/10011638226
Aggregate business investment is a major driver of long-term economic growth. It has been weak in many advanced economies over the last decade, partly due to cyclical demand-side effects. Nevertheless, a number of structural factors and policies interact with and have an effect on business...
Persistent link: https://www.econbiz.de/10012543533
In 2008, the European Commission investigated E.ON, a large and vertically integrated electricity company, for the … divestitures on German wholesale electricity prices. Our identification strategy is based on the observation that energy suppliers … convergence between peak and off-peak prices. Using daily electricity prices for the 2006 - 2012 period and controlling for cost …
Persistent link: https://www.econbiz.de/10011735927