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...

We analyze the effects of an incentive based regulatory scheme with revenue caps on the investment behaviors and decisions of 109 electricity distribution companies operating in Germany in 2006-2012. We hypothesize that Germany's implementation of incentive regulation in 2009 has a negative...

The increase in municipal economic activity in the utilities sector frequently comes under scrutiny. It is presumed that public utilities have less incentive to provide efficient service than private companies. This could result in excessive costs and prices for end users. New microdata on...

Die Ausweitung der kommunalen Wirtschaftstätigkeit in der Energieversorgung wird oftmals kritisch betrachtet. Es wird vermutet, dass öffentliche Unternehmen im Vergleich zu privaten Unternehmen geringeren Anreizen zu effizienter Leistungserstellung unterliegen. Das könnte überhöhte Kosten...

We analyze the effects of an incentive based regulatory scheme with revenue caps on the investment behaviors and decisions of 109 electricity distribution companies operating in Germany in 2006-2012. We hypothesize that Germany's implementation of incentive regulation in 2009 has a negative...

Die Ausweitung der kommunalen Wirtschaftstätigkeit in der Energieversorgung wird oftmals kritisch betrachtet. Es wird vermutet, dass öffentliche Unternehmen im Vergleich zu privaten Unternehmen geringeren Anreizen zu effizienter Leistungserstellung unterliegen. Das könnte überhöhte Kosten...

We analyze the effects of an incentive based regulatory scheme with revenue caps on the investment behaviors and decisions of 109 electricity distribution companies operating in Germany in 2006-2012. We hypothesize that Germany's implementation of incentive regulation in 2009 has a negative...

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...

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...

In the 1990s, a number of municipalities started privatizing their energy utilities; in recent years, there has been an intensive debate about whether a paradigm shift has taken place since then. Cities and municipalities have considered putting the energy, water, gas and heat supply back into...