Showing 1 - 10 of 50
's implementation of incentive regulation in 2009 has a negative impact on total investment, and that firms increase their investments … with the German data. The results show that investments increase after incentive regulation, and that the institutional … investments increase in the base year when the rate base is determined for the following regulatory period. We conclude that a …
Persistent link: https://www.econbiz.de/10011373911
Power systems with increasing shares of wind and solar power generation have higher capital and lower operational costs than traditional technologies. This increases the importance of the cost of finance for total system cost. We quantify how renewable policy design can influence cost of finance...
Persistent link: https://www.econbiz.de/10011746525
The transition towards low-carbon economies requires massive investments into renewable energies, which are commonly …-announced support once those investments have been made, which can deter investments. We analyze a renewable energy regulation game …
Persistent link: https://www.econbiz.de/10011805827
transmission goes from risk tolerance via investments to profits. This is quite robust as it applies for past investments as well … as planned investments. Considering business survival, we show, first, that less profitable businesses leave the market …
Persistent link: https://www.econbiz.de/10014468858
-World to assess the economic prospects of investments in the export-oriented steam coal sector, and in particular of coal mines … Australian basins only very limited investments are required in the most conservative demand scenarios and only to replace …-phasing domestic demand and shrinking export opportunities. Investments in other world regions are only viable in the most conservative …
Persistent link: https://www.econbiz.de/10013198425
This paper shows that the welfare dominance of ad valorem over unit taxes under imperfect competition, extends to the Dixit-Stiglitz framework with differentiated products, entry and love of variety. This contrasts against findings by Anderson et al. (J Public Econ, 2001) made in a similar...
Persistent link: https://www.econbiz.de/10011437563
We examine the degree of natural gas market integration in Europe, North America and Japan, between the mid 1990's and 2002. The relationship between the international gas marker prices, and their relation to the oil price, are investigated through principal component analysis and Johansen...
Persistent link: https://www.econbiz.de/10011439628
The Fehmarn Belt is a strait between Denmark and Germany, currently served by a ferry. This note analyses the theory of competition between the ferry and a planned tunnel, the Fehmarn Belt Fixed Link. The model is an asymmetric duopoly and addresses two questions: 1. Will the tunnel induce the...
Persistent link: https://www.econbiz.de/10011411687
We develop a game-theoretic electricity market model that allows analyzing strategic electricity storage in an imperfect market setting. We apply the model to Germany and examine different cases of strategic and non-strategic pumped hydro storage operation. We find that introducing storage...
Persistent link: https://www.econbiz.de/10012040651
Assessing and quantifying the impacts of technological, economic, and policy shifts in the global energy system requires large-scale numerical models. We propose a dynamic multi-fuel market equilibrium model that combines endogenous fuel substitution within demand sectors and in power...
Persistent link: https://www.econbiz.de/10012041026