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and regulation and productivity measurement of the German electricity industry in particular. The methodological approach …
Persistent link: https://www.econbiz.de/10011698334
Power market integration is analyzed in a two countries model with nationally regulated firms and costly public funds. If generation costs between the two countries are too similar negative business-stealing outweighs efficiency gains so that following integration welfare decreases in both...
Persistent link: https://www.econbiz.de/10010283608
the utility with an appropriate level of return. The regulation timing consists of an endogenous regulatory lag where the … regulation has a fixed-price nature followed by a period of rate-of-return regulation in which the firm is motivated to adjust …
Persistent link: https://www.econbiz.de/10011608615
Competition in public utility sectors has been encouraged in recent years throughout Europe. In this paper we try and analyse the welfare effects of these reforms in Italy, with particular attention to water and energy goods. The first step is to introduce a sensible measure of affordability of...
Persistent link: https://www.econbiz.de/10010312543
We construct a comprehensive panel data of 96 publicly traded European utilities over the period 1994-2005 in order to study the relationship between the capital structure of regulated firms, regulated prices, and investments, and examine if and how this interaction is affected by ownership...
Persistent link: https://www.econbiz.de/10010312393
Konkurrenz im Strommarkt zu behindern? (2) Kann eine kostenorientierte Regulierung der Netznutzungsentgelte mit dem Ziel eines … Liberalisierung der Strommärkte sowie einer kostenorientierten Regulierung der Netznutzungsentgelte. Das Paper zeigt, daß der vertikal … Konkurrent keinen Kostenvorteil aufweist, ist der Anreiz zur Marktabschottung groß. Eine kostenorientierte Regulierung der …
Persistent link: https://www.econbiz.de/10010296931
Konkurrenz im Strommarkt zu behindern? (2) Kann eine kostenorientierte Regulierung der Netznutzungsentgelte mit dem Ziel eines … Liberalisierung der Strommärkte sowie einer kostenorientierten Regulierung der Netznutzungsentgelte. Das Paper zeigt, daß der vertikal … Konkurrent keinen Kostenvorteil aufweist, ist der Anreiz zur Marktabschottung groß. Eine kostenorientierte Regulierung der …
Persistent link: https://www.econbiz.de/10010296940
, challenge antitrust and regulation policy. The paper focuses on the theoretical and methodological basis provided by the New … specific view of NIE at industrial organization, antitrust and regulation, discusses three current issues – the European policy …
Persistent link: https://www.econbiz.de/10010283001
the same time, we model an incumbent's decision problem under a threat of regulation in a game-theoretical context. The … decision whether to invest or not depends on the probability of regulation and its assumed impact on investment returns … best set. This price is below a non-regulated profit maximising price, since the incumbent tries to circumvent regulation …
Persistent link: https://www.econbiz.de/10010263483
We consider the regulation of national firms in a common market. Regulators can influence the production of national …
Persistent link: https://www.econbiz.de/10010264297