Given the ubiquitous scarcity of resources an economic approach is necessary in order to determine an optimal strategy of adaptation to climate change. In this paper we develop an economic framework for the study of adaptation which allows us to distinguish between decentralized adaptation by...

We study the strategic utilization of storage in imperfect electricity markets. We apply a game-theoretic Cournot model to the German power market and analyze different counterfactual and realistic cases of pumped hydro storage. Our main finding is that both storage utilization and...

Bei einer stärkeren Marktöffnung in der Wasserversorgung sind eine Reihe von Besonderheiten zu beachten. Stehen diese dem Wettbewerb durch gemeinsame Netznutzung entgegen oder kann die Entscheidung über die erzielbare Wettbewerbs- . intensität dem Markt überlassen bleiben?

The EU Water Framework Directive stipulates the principle of cost recovery, including environmental and resource costs, for European water services. Yet a definition of member states' precise obligations is highly controversial. This particularly holds true for the question whether the request...

The question non longer is if more competition should be introduced in the German water and sewerage sector. The issue rather is what kind of competition ought to be implemented. There are mainly three different approaches: Competition in the Market; Competition for the Market and the...