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The Telecommunications Act of 1996 requires incumbent monopoly phone companies to lease elements of their networks to rivals. An important policy question is whether these unbundled elements are substitutes for entry modes that are more facilities-based. In this article, we estimate demand...
Persistent link: https://www.econbiz.de/10005471669
The creation of a growing number of agencies at the EU level is one of the most significant developments in the administrative structure of the EU. These agencies play a useful role as they allow the Commission to decentralize a number of scientific, technical, or observatory functions to...
Persistent link: https://www.econbiz.de/10012783281
In setting the allowable rate of return of public utilities, U.S. regulatory agencies and the courts continue to rely … financing. As a result, regulated utilities are discouraged from competing for external equity funds and are allowed excessive … return on internally generated funds. The first bias is inconsistent with the social objective that public utilities be …
Persistent link: https://www.econbiz.de/10012753663
The incentive regulation of costs related to physical and cyber security in electricity networks is an important but relatively unexplored and ambiguous issue. These costs can be part of a cost efficiency benchmarking or alternatively dealt separately. This paper discusses the issues and...
Persistent link: https://www.econbiz.de/10010949355
In this paper, we explore the synergies and tradeoffs between abatement of global and local pollution. We built a unique dataset of Swedish heat and power plants with detailed boiler-level data 2001-2009 on not only production and inputs but also emissions of CO2 and NOx. Both pollutants are...
Persistent link: https://www.econbiz.de/10011019098
Nonlinear pricing and taxation complicate economic decisions by creating multiple marginal prices for the same good. This paper provides a framework to uncover consumers' perceived price of nonlinear price schedules. I exploit price variation at spatial discontinuities in electricity service...
Persistent link: https://www.econbiz.de/10010951392
In the last two decades, more than half of the countries in the world have introduced a reform process in their power industries and billions of dollars have been spent on liberalizing electricity markets around the world. This thesis presents a doctoral research concerned with the cross-country...
Persistent link: https://www.econbiz.de/10011260032
referred to as Vertically Integrated Utilities (VIUs), can increase their profitability through combined ownership of … incomplete (legal) and complete (ownership) unbundling. There is tantalizing anecdotal evidence that VIUs have tried to influence …
Persistent link: https://www.econbiz.de/10005086628
In the EU electricity industry, many Vertically Integrated Utilities (VIUs) have ownership both of electricity …
Persistent link: https://www.econbiz.de/10005086659
Vertically Integrated Utilities (VIUs) to have ownership of generating and transmission activities. When electricity generators … have to secure transmission rights in an auction, the VIU, because of its combined ownership of generation and transmission …
Persistent link: https://www.econbiz.de/10005357514