Carbon leakage is a major concern for policymakers involved with environmentalinitiatives such as the European Unions emissions trading scheme and similar cap-and-trade proposals in the United States, Australia, and elsewhere. This paperprovides a framework for understanding the drivers...

This paper measures the extent to which prices exceed marginal costs in the U.S. natural gas distributionmarket during the period 1991-2007. We find large departures from marginal cost pricing in all 50states, with residential and commercial customers facing average markups of over 40%. Based...

We propose a variant of the incomplete contract framework to analyze strategicinvestment in international transport networks, where investment is observable andsome, but not all, players cannot make long-term commitments regarding accessto their transport infrastructure. Those players who can...

Mit dem nachfolgenden Bericht wird eine Studie des Instituts für Zukunftsstudien undTechnologiebewertung (IZT) im Auftrag des Berliner Gasversorgers GASAG dokumentiert,in der es um die Standortbestimmung und die zukunftsweisende Orientierung desUnternehmens vor dem Hintergrund der...

We develop a dynamic model of strategic investment in the Eurasian transport system fornatural gas. In the absence of international contract enforcement, countries may distortinvestment in order to increase their bargaining power, resulting in underinvestment incheap and/or overinvestment in...

The deregulation of the German energy sector changes transaction relations, trading processes and contract design. We report on the findings of a field research survey conductet in the deregulated German wholsale trading market between April and June 2000.

Recent changes in the German energy policy initiated a deregulation process from a monopolistic to a competitive market, fundamentally changing the market structure, transaction relationships and trading processes. While the mutual exchange of electric energy has been a business activity between...

Betrachtet man die Veränderungen im letzten Jahrzehnt, so gibt die Entwicklung der Elektrizitätswirtschaftin der heutigen Bundesrepublik Deutschland ein nahezu allumfassendes Bildvon der Transformation einer rein öffentlichen Aufgabe bis hin zu einem rein privatem Gut.Dabei spielten anfangs...