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The relationship between regulation and competition policy for network utilities
Newbery, D. - Faculty of Economics, University of Cambridge - 2006
Should regulation of potentially competitive elements of network utilities be left with sector regulators or solely … more emphasis on making sector regulation consistent with competition law. The paper discusses the appropriateness of the …
Persistent link: https://www.econbiz.de/10005647440
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The Supply Function Equilibrium and its Policy Implications for Wholesale Electricity Auctions
Holmberg, P.; Newbery, D. - Faculty of Economics, University of Cambridge - 2010
The supply function equilibrium provides a game-theoretic model of strategic bidding in oligopolistic wholesale electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the number of firms in the market and their asymmetry....
Persistent link: https://www.econbiz.de/10008503180
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Estimating Market Power in the Internet Backbone Using Band-X data
Giovannetti, E.; Ristuccia, C.A. - Faculty of Economics, University of Cambridge - 2003
Recent industry studies found the Internet backbone industry competitive. In our paper we explore a novel route to monitor for market power using prices and quality data from Band-X. First we test the hypothesis that Europe is a connectivity market on its own, unchallenged by the US and then, by...
Persistent link: https://www.econbiz.de/10005783725
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Is Google the next Microsoft? Competition, Welfare and Regulation in Internet Search
Pollock, R. - Faculty of Economics, University of Cambridge - 2009
this concentration have for consumers, search engines, and advertisers? Does search require regulation and if so in what …
Persistent link: https://www.econbiz.de/10005256256
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Determinants of Investment under Incentive Regulation: The Case of Norwegian Electricity Distribution Networks
Poudineh, R.; Jamasb, T. - Faculty of Economics, University of Cambridge - 2013
under incentive regulation. This study analyses the determinants of investment in Norwegian electricity distribution …
Persistent link: https://www.econbiz.de/10010729016
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Transmission Policy in the United States
Joskow, P.L. - Faculty of Economics, University of Cambridge - 2004
This paper provides an overview of the development of electric power transmission access, pricing and investment policies in the U.S. over the last 15 years and evaluates the current state of those policies. It includes a discussion of pre-liberalisation transmission access and pricing policies,...
Persistent link: https://www.econbiz.de/10005489323
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The bird in hand: stipulated settlements and electricity regulation in Florida
Littlechild, S. - Faculty of Economics, University of Cambridge - 2007
been a shift from conventional rate of return regulation, and from earnings sharing schemes with profits caps, to prices …
Persistent link: https://www.econbiz.de/10005489325
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Yardstick and Ex-post Regulation by Norm Model: Empirical Equivalence, Pricing Effect, and Performance in Sweeden
Jamasb, T.; Söderberg, M. - Faculty of Economics, University of Cambridge - 2009
Following the liberalisation of network industries there has been a number of innovations in incentive regulation. This … paper examines the effects of the application of norm models within an ex-post incentive regulation of electricity … effect of regulation on pricing behaviour and performance of utilities in average costs, quality of service, and network …
Persistent link: https://www.econbiz.de/10005489344
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‘Regulatory Issues in Merchant Transmission Investment’
Brunekreeft, G. - Faculty of Economics, University of Cambridge - 2004
Driven by fear of underinvestment in network assets, merchant investment in electricity transmission networks (MTI) is now legally allowed. Given that MTI is a real possibility, regulators face a new set of questions. After classifying different types of MTI, the paper raises and analyses...
Persistent link: https://www.econbiz.de/10005489362
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Strategic Behaviour under Regulation Benchmarking
Jamasb, T.; Nillesen, P.; Pollitt, M. - Faculty of Economics, University of Cambridge - 2003
regulation schemes that rely on performance benchmarking. Although regulation benchmarking can influence the “regulation game …
Persistent link: https://www.econbiz.de/10005489364