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...

This study examines the effect of yardstick regulation in Japan's gas distribution sector, especially focusing on its effect of reducing the adverse selection problem. The Japanese government has regulated the price of city gas supplies by a combination of fixed-price regulation and ex-ante...

We analyze the optimal investment strategy of a monopolist which has subscribed a concession contract to provide a public utility, i.e. water service. We present a strategic model in which a monopolist chooses both the timing of the investment and the capacity. We focus not only on the value of...

The essay intends to emphasize the importance of a regulatory framework for the natural gas industry in Brazil. For this purpose, it is initially expounded the reasons to regulate the infrastructure network system, and presented the essential mechanisms to its efficient exercise. Through the...

Nonparametric efficiency analysis has become a widely applied technique to support industrial benchmarking as well as a variety of incentive-based regulation policies. In practice such exercises are often plagued by incomplete knowledge about the correct specifications of inputs and outputs....

The upcoming Climate Change Conference in Paris will once again highlight the need for action to reduce global greenhouse gas emissions in order to mitigate climate change. The relevant global energy scenarios are often still based on the assumption that the expansion of nuclear power can...