Hoernig, Steffen; Vogelsang, Ingo - Faculdade de Economia, Universidade Nova de Lisboa - 2012
Two-part tariffs, when used at the retail level, increase efficiency by lowering the price of marginal units. The same potential for higher efficiency exists for two-part tariffs at wholesale level for a given market structure, but the fixed part of the wholesale tariff can negatively affect the...
