Short-term auctions for access to entry terminals of the British gas-network appear to successfully allocate scarce … resources and capture scarcity rent. Now long-term auctions are being introduced to guide future capacity expansion decisions …. In our model the fraction of rights issued in the long-term auction turns out to be a crucial design parameter. Even a …

When access to monopoly owned networks is constrained auctioning access rights can increase the efficiency of …, access rights to entry capacity on the British gas network were granted by the monopoly network owner via negotiation; rights … operator. In 1999 an auction mechanism for allocating rights was introduced. Comparing the different allocation methods we …

of using auctions to replace regulation by market solutions for managing the natural monopolies in energy markets. …Auctions are playing an increasingly prominent role in the planning and operation of energy markets. Comparing the New … of uniform versus discriminatory pricing rules, and use of the gas network in Britain and electricity interconnectors …

behaviour. We find that the impact of regulation on investment is both sector and firm specific. A reduction in the degree of … alone while it is associated with a reduction in investment levels by smaller companies in the gas sector. In Europe, the …This paper investigates the role played by deregulation on firms’ investment decisions in infrastructure sectors. The …

An unprecedented “boom and bust” investment cycle occurred in the high-tech industries at the turn of the century, in … with severe financial difficulties, telecommunication firms sharply curtailed their investment and embarked on …

distribuzione del gas naturale in Italia". La pubblicazione affronta il tema della regolazione della distribuzione del gas naturale …

Berücksichtigung der deutschen Netzregulierung. Für die gewichteten Kapitalkosten, den WACC, wird eine neue Formel für die Berechnung …The valuation of electricity and gas grids is an important task for every grid company. Starting from the relevant … from the German Grid regulation. For the WACC – as one key element of the earnings valuation – a new calculation formula is …

This paper investigates infrastructure investment in markets where regulation is subject to varying degrees of … manipulation by elected politicians. Based on a model of price regulation in a market with increasing demand and long-term returns … on investment we construct a multi-period game between a service provider, consumers with voting rights and elected …

-bid, second-price sequential auctions. We demonstrate that whether agents price higher or lower than in the corresponding static …

provide a stark warning about the dangers of placing descending clock auctions at the center of electricity capacity markets …. Among alternative auction design options, a sealed-bid auction is a better choice. …