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-world applicability of results compared to previous analyses. We show that a combined merchant-regulatory regulation, which draws upon a …
Persistent link: https://www.econbiz.de/10011420808
empirically analyze the effect of ownership unbundling of gas transmission networks, considered to be the strongest form of … years, allowing us to avoid the endogeneity problem and to estimate the long-run effects of regulation. We introduce a set … of regulatory indicators as market entry regulation, ownership structure, vertical separation and market structure, as …
Persistent link: https://www.econbiz.de/10010959314
This paper introduces an oligopoly model that includes three actors: a cartel (comprising two or more firms that operate like one merged company), a group of competing fringe firms, and a welfare maximizing antitrust authority. The cartel is the Stackelberg quantity leader and the fringe firms...
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We analyze the setting of access prices for a bottleneck facility where the facility owner also competes in the deregulated downstream market. We consider a continuum of market structures from Cournot to Bertrand. These market structures are fully characterized by a single parameter representing...
Persistent link: https://www.econbiz.de/10010866806
We analyze welfare and distributional properties of a two-settlement system consisting of a spot market over a two-node network and a single energy forward contract. We formulate and analyze several models which simulate joint dispatch of energy and transmission resources coordinated by a system...
Persistent link: https://www.econbiz.de/10005711157
Consumer satisfaction with utility services has received increased attention from firms, consumer associations, regulators and governments since the 1990s. Evidence is mounting that consumers in specific socio-economic groups express lower satisfaction levels than their peers, at least, in some...
Persistent link: https://www.econbiz.de/10010989226
private initiatives. An important role for regulation is to facilitate coordination between potential providers and users of …
Persistent link: https://www.econbiz.de/10010989229