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Unbundling, regulation and pricing: Evidence from electricity distribution
Heim, Sven; Krieger, Bastian; Liebensteiner, Mario - 2018
Unbundling of vertically integrated utilities has become an integral element in the regulation of network industries … able to identify heterogeneous effects of legal unbundling for different types of price regulation, because we observe a … switch in the price regulation regime from rate-of-return regulation to incentive regulation during our observation period …
Persistent link: https://www.econbiz.de/10011933949
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Incentive regulation: Evidence from German electricity networks
Hellwig, Michael; Schober, Dominik; Cabral, Luís - 2019
used to determine future prices when subject to a lower-powered regulation mechanism. The difference is particularly …
Persistent link: https://www.econbiz.de/10011966984
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Regulation of pharmaceutical prices: Evidence from a reference price reform in Denmark
Kaiser, Ulrich; Mendez, Susan J.; Rønde, Thomas - 2010
On April 1, 2005, Denmark changed the way references prices, a main determinant of reimbursements for pharmaceutical purchases, are calculated. The previous reference prices, which were based on average EU prices, were substituted to minimum domestic prices. Novel to the literature, we estimate...
Persistent link: https://www.econbiz.de/10010302596
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Electricity market integration and the impact of unilateral policy reforms
Grossi, Luigi; Heim, Sven; Hüschelrath, Kai; Waterson, … - 2015
The harmonization and integration of separate national energy markets to an interconnected internal European market is a top priority of the European Commission. However, as energy policy largely remains subject to national sovereignty, a higher degree of integration can cause unilateral...
Persistent link: https://www.econbiz.de/10011372115
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A vision of the European energy future? The impact of the German response to the Fukushima earthquake
Grossi, Luigi; Heim, Sven; Waterson, Michael - 2014
The German response to the Fukushima nuclear power plant incident was possibly the most significant change of policy towards nuclear power outside Japan, leading to a sudden and very significant shift in the underlying power generation structure in Germany. This provides a very useful natural...
Persistent link: https://www.econbiz.de/10010392361
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A vision of the European energy future? The impact of the German response to the Fukushima earthquake
Grossi, Luigi; Heim, Sven; Waterson, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
The German response to the Fukushima nuclear power plant incident was possibly the most significant change of policy towards nuclear power outside Japan, leading to a sudden and very significant shift in the underlying power generation structure in Germany. This provides a very useful natural...
Persistent link: https://www.econbiz.de/10010957645
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Liberalization of the Postal Service Market in Europe: Entry with Universal Service and Partial Coverage
Beschorner, Patrick Frank Ernst - 2008
In the advent of postal market liberalization in several European countries we expect that the incumbent operators anticipate entry by competitors who are not required to offer universal service, i.e. coverage of the entire country and uniform pricing. The market for postal service exhibits...
Persistent link: https://www.econbiz.de/10010298704
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European telecommunication regulation: Effects on telecommunication providers
Veith, Tobias - 2010
This paper considers the impact of European telecom regulation on the value of affected companies. Employing a … repeating ARGARCH model, I compare the effect of three types of regulation which are categorized based on the addressed subject …, i.e. cross-market, country-specific and company-specific regulation. While standard event study approaches are a special …
Persistent link: https://www.econbiz.de/10010303007
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Strategic pricing, market entry and competition: Evidence from German electricity submarkets
Nikogosian, Vigen; Veith, Tobias - 2011
In German electricity submarkets for residential customers standard contracts offered by former monopolists are the more costly option for customers who have not switched to an alternative contract yet. As most German households are served with this contract type we follow the Limit Pricing...
Persistent link: https://www.econbiz.de/10010307842
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Screening instruments for monitoring market power in wholesale electricity markets: Lessons from applications in Germany
Bataille, Marc; Steinmetz, Alexander; Thorwarth, Susanne - 2014
While liberalization in energy markets has been a widely successful process all over the world, incumbents often still hold a dominant position. Thus, electricity wholesale markets are subject to market surveillance. Nevertheless, consolidated findings on abusive practices of market power and...
Persistent link: https://www.econbiz.de/10010392328