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We compare the welfare effects of different regulation schemes of electricity distribution utilities. The compared … regulation schemes are fixed price regulation, cost of service regulation, menu of cost-contingent contracts and simple menus of …. Our basic result is that welfare can be improved by changing the cost of service regulation scheme to the menu of …
Persistent link: https://www.econbiz.de/10014201213
pronounced effects of regulations occur when a regulation is passed and when compliance dates arrive. Our results imply that the …
Persistent link: https://www.econbiz.de/10012822649
Many European countries have sought to increase the efficiency of national railroad companies through a range of reforms: separating infrastructure and operations, creating independent regulatory institutions and providing access to the network to third parties. To estimate the effects of...
Persistent link: https://www.econbiz.de/10014073305
Accounting for network operators' heterogeneity is of crucial importance for regulators. In contrast to observed heterogeneity, the consideration of unobserved differences is far more challenging. Most estimation models try to account for unobserved factors that impact the network operators'...
Persistent link: https://www.econbiz.de/10012628860
incentive regulation and efficiency benchmarking in electricity distribution industries and provides valuable insights for …
Persistent link: https://www.econbiz.de/10012423420
incentive regulation and efficiency benchmarking in electricity distribution industries and provides valuable insights for …
Persistent link: https://www.econbiz.de/10012619032
Accounting for network operators' heterogeneity is of crucial importance for regulators. In contrast to observed heterogeneity, the consideration of unobserved differences is far more challenging. Most estimation models try to account for unobserved factors that impact the network operators'...
Persistent link: https://www.econbiz.de/10012653859
with the welfare-maximum benchmark and cases of Transco with cost-plus regulation and no regulation. In all tested cases …
Persistent link: https://www.econbiz.de/10010519927
The informationally simple approach to incentive regulation applies mechanisms that translate the regulator’s objective …
Persistent link: https://www.econbiz.de/10011746784
The informationally simple approach to incentive regulation applies mechanisms that translate the regulator's objective …
Persistent link: https://www.econbiz.de/10012932120