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Regulation and investment incentives in electricity distribution : an empirical assessment
Cullmann, Astrid; Nieswand, Maria - 2015
's implementation of incentive regulation in 2009 has a negative impact on total investment, and that firms increase their investments … with the German data. The results show that investments increase after incentive regulation, and that the institutional … specific heterogeneity. It should further include all institutional aspects of incentive regulation to design incentives that …
Persistent link: https://www.econbiz.de/10011373911
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Regulation and Investment Incentives in Electricity Distribution : An Empirical Assessment
Cullmann, Astrid - 2015
's implementation of incentive regulation in 2009 has a negative impact on total investment, and that firms increase their investments … with the German data. The results show that investments increase after incentive regulation, and that the institutional … specific heterogeneity. It should further include all institutional aspects of incentive regulation to design incentives that …
Persistent link: https://www.econbiz.de/10013013432
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Productivity in electricity retail after market liberalisation : analysing the effects of ownership and firm's governance structure
Stiel, Caroline; Cullmann, Astrid; Nieswand, Maria - 2015
This paper, which is one of the first to estimate productivity in retail electricity for a European country after liberalisation, analyses the effect of ownership and governance structure by using a unique dataset of German electricity retailers from 2003 to 2012. An innovative service...
Persistent link: https://www.econbiz.de/10011392296
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Productivity in Electricity Retail after Market Liberalisation : Analysing the Effects of Ownership and Firm's Governance Structure
Stiel, Caroline - 2015
This paper, which is one of the first to estimate productivity in retail electricity for a European country after liberalisation, analyses the effect of ownership and governance structure by using a unique dataset of German electricity retailers from 2003 to 2012. An innovative service...
Persistent link: https://www.econbiz.de/10013010961
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Productive efficiency and ownership when market restructuring affects production technologies
Cullmann, Astrid; Nieswand, Maria; Rechlitz, Julia - 2017
While the link between the ownership and productive efficiency of firms has been discussed extensively, no consensus exists regarding the superiority of one or the other in non-competitive, regulated environments. This paper applies a flexible production model to test for efficiency differences...
Persistent link: https://www.econbiz.de/10011595498
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Efficiency Analysis of German Electricity Distribution Utilities : Non-Parametric and Parametric Tests
von Hirschhausen, Christian R.; Cullmann, Astrid - 2005
This paper applies parametric and non-parametric and parametric tests to assess the efficiency of electricity distribution companies in Germany. We address traditional issues in electricity sector benchmarking, such as the role of scale effects and optimal utility size, as well as new evidence...
Persistent link: https://www.econbiz.de/10010296794
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Regulation and investment incentives in electricity distribution: An empirical assessment
Cullmann, Astrid; Nieswand, Maria - 2015
's implementation of incentive regulation in 2009 has a negative impact on total investment, and that firms increase their investments … with the German data. The results show that investments increase after incentive regulation, and that the institutional … specific heterogeneity. It should further include all institutional aspects of incentive regulation to design incentives that …
Persistent link: https://www.econbiz.de/10011372119
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Productive efficiency and ownership when market restructuring affects production technologies
Cullmann, Astrid; Nieswand, Maria; Rechlitz, Julia - 2017
While the link between the ownership and productive efficiency of firms has been discussed extensively, no consensus exists regarding the superiority of one or the other in non-competitive, regulated environments. This paper applies a flexible production model to test for efficiency differences...
Persistent link: https://www.econbiz.de/10011595954
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Efficiency Analysis of East European Electricity Distribution in Transition: Legacy of the Past?
Cullmann, Astrid; Apfelbeck, Jürgen; von Hirschhausen, … - 2006
This paper provides a cross-country efficiency analysis of electricity distribution companies in East European transition countries (Poland, Czech Republic, Slovakia and Hungary). We compare the relative technical efficiency of East European regional distribution companies (RDCs) among...
Persistent link: https://www.econbiz.de/10010274272
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From transition to competition: dynamic efficiency analysis of Polish electricity distribution companies
Cullmann, Astrid; von Hirschhausen, Christian R. - 2007
In this paper we test the hypothesis that the economic transition toward a market economy increases the efficiency of firms. We study 32 Polish electricity distribution companies between 1997-2002, by applying common benchmarking methods to the panel: the nonparametric data envelopment analysis...
Persistent link: https://www.econbiz.de/10010274284